The latest progress in privatization Zaibao 360 NDRC approved by the fastest within two weeks of th

Abstract: 360 privatization again exposed major progress. Tencent technology today from the national development and Reform Commission approved the official website of the official website of investment supervision and management platform was informed that the privatization of the project was approved by the national development and Reform Commission 360, has entered the stage of publicity.

360 privatization again exposed major progress. Tencent technology today from the national development and Reform Commission approved the official website of the official website of investment supervision and management platform was informed that the privatization of the project was approved by the national development and Reform Commission 360, has entered the stage of publicity.

 

submission program is Tianjin Qixin Tongda Technology Co. Ltd., Qihoo 360 privatization project project name. The project code is 2016-000052-64-02-000195.

approval of the national development and Reform Commission, in addition to overseas investment projects involving sensitive countries and regions, industry, investment and more than $300 million of overseas investment projects the central management of enterprises overseas investment projects and local enterprises for the record.

December 2015, 360 announced the completion of the $9 billion 400 million privatization and obtain the final agreement, China Merchants Bank and other banks led the 360 privatization transactions provide $3 billion 400 million of debt financing. Investors involved in the transaction, including CITIC Guoan China Sequoia Capital, Chinese peace, Taikang Life and sunshine insurance etc..

360 privatization of the transaction, the scale of equity financing of $45-55 billion, of which about $1 billion 500 million from the core management and corporate employees to raise funds, the core management of the fund’s GP.

in 360, after the completion of the privatization, and coordination in the premise of company restructuring plan, the issuance of a new option in about 15% and awarded the core management team, including 80% to 20% company chairman Zhou Hongyi, to the other core management team.

March 30, 2016, 360 held a special meeting of shareholders, the company had reached an agreement on the privatization of the final vote. 360 privatization plan to get the general meeting of the vote through.

in accordance with the normal circumstances, 360 after the general meeting, the fastest in the next week, the market will be able to go to the city, but it is now April 26th, 360 has not yet completed the delisting of the city of. Some analysts believe that the privatization of 360 involving billions of dollars of funds, mainly trapped in foreign exchange control.

technology insider Tencent said, including Jiayuan, rice, 360 enterprises such as the privatization agreement has been reached, and received the approval of the general meeting of shareholders by, but in the foreign exchange control of the situation, not to money, which delay the privatization concept stocks completion time.

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