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TodayIR: CAR Inc completed delisting after MBK Partners' acquisition

TodayIR: CAR Inc completed delisting after MBK Partners acquisition
DJ EQS-News: CAR Inc completed delisting after MBK Partners acquisition EQS-News / 07/07/2021 / 10:02 UTC+8
July 5, Beijing, Indigo Glamour Co Ltd, a subsidiary of MBK Partners and CAR Inc, a Hong Kong Stock Exchange listed company, jointly announced a completion of the mandatory acquisition. All remaining offer shares of CAR Inc have been transferred to the offeror, indicating that CAR Inc, the Chinese auto rental service provider has completed the privatization and become a wholly-owned subsidiary of MBK Partners. It will be delisted from the Hong Kong Stock Exchange at 9 am on July 8, 2021.
MBK Partners, a leading private equity firm in North Asia, planned to acquire all the 443 million shares of CAR Inc held by UCAR Inc, another Chinese car-rental company, at a price of HKUSD4.00 (USD0.52) per share for a total price of approximately HKUSD1.771 billion on November 10, 2020, becoming the se ....

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CAR Inc completed delisting after MBK Partners' acquisition

CAR Inc completed delisting after MBK Partners acquisition
EQS-News / 07/07/2021 / 10:02 UTC+8

July 5, Beijing, Indigo Glamour Co Ltd, a subsidiary of MBK Partners and CAR Inc, a Hong Kong Stock Exchange listed company, jointly announced a completion of the mandatory acquisition. All remaining offer shares of CAR Inc have been transferred to the offeror, indicating that CAR Inc, the Chinese auto rental service provider has completed the privatization and become a wholly-owned subsidiary of MBK Partners. It will be delisted from the Hong Kong Stock Exchange at 9 am on July 8, 2021.

MBK Partners, a leading private equity firm in North Asia, planned to acquire all the 443 million shares of CAR Inc held by UCAR Inc, another Chinese car-rental company, at a price of HK$4.00 ($0.52) per share for a total price of approximately HK$1.771 billion on November 10, 2020, becoming the second largest shareholder after Legend Holdings Corp. Two days later, ....

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New York Spent $28 Million On Restricted Chinese Tech. It's Time To End These Risky Contracts.

New York Spent $28 Million On Restricted Chinese Tech. It's Time To End These Risky Contracts.
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Luckin-Tainted Former Car Rental Superstar to Drive Off Hong Kong Exchange

Luckin-Tainted Former Car Rental Superstar to Drive Off Hong Kong Exchange
The end of the road as a listed firm is just around the corner for
Car Inc., an auto rental specialist that once hoped to make big bucks by tapping a growing hunger for mobility from China’s booming middle class.
The company was once a highflyer that attracted the likes of former U.S. giant Hertz and top-tier private equity firm Warburg Pincus LLC as investors. But its hoped-for growth story ultimately stalled, and its reputation sank further last year when its name got sucked into the massive accounting scandal surrounding Starbucks Corp. challenger Luckin Coffee Inc. ....

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Many major "American" corporations are actually owned by communist China

https://www.hangthecensors.com/485290.html
(Natural News)
Domestic namesakes like General Electric and General Motors have long been seen as icons of American industry. As it turns out, though, these and many other corporate giants are owned, at least in part, by communist China.
GM, America’s largest automobile manufacturer, is partially owned by the Shanghai Automotive Industry Corp. – and has been since 1998. The two companies work in partnership to keep the American brand alive and kicking.
A similar situation is true of GE, though this “Made in America” giant is completely owned by the Chinese company Haier, which purchased it for $5.4 billion in 2016. GE’s products are still made in the United States, but all company decisions are made in China. ....

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