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Secoo Special Committee Retains Financial Advisor and Legal Counsel
Secoo Holding LimitedFebruary 9, 2021 GMT
BEIJING, Feb. 09, 2021 (GLOBE NEWSWIRE) Secoo Holding Limited (“Secoo” or the “Company”) (NASDAQ: SECO), Asia’s leading online integrated upscale products and services platform, today announced that the special committee consisting of independent directors (the “Special Committee”) of the Company’s board of directors (the “Board”), formed to review and consider, among other things, the previously announced preliminary non-binding “going private” proposal (the “Proposal”) received by the Board on January 10, 2021, has retained Duff & Phelps, LLC as its financial advisor and Hogan Lovells as its legal counsel to assist it in its review and evaluation of the Proposal.
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Ruhnn Enters into Definitive Agreement for Going Private Transaction
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HANGZHOU, China, Feb. 3, 2021 /PRNewswire/ Ruhnn Holding Limited ( ruhnn or the Company ) (NASDAQ: RUHN), a leading internet key opinion leader ( KOL ) facilitator in China, today announced that it has entered into an Agreement and Plan of Merger (the Merger Agreement ) with RUNION Holding Limited ( Parent ) and RUNION Mergersub Limited ( Merger Sub ), a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly owned subsidiary of Parent (the Merger ), in a transaction implying an equity value of the Company of approximately US$296.4 million.