eFuture Announces Receipt of Preliminary Non-Binding Proposal From Shiji, Its Controlling Shareholder
06 Juin 2016 - 2:35PM
eFuture Holding Inc. (Nasdaq:EFUT) (the “Company” or “eFuture”), a
leading software and solution provider and a mobile business
enabler to China's retail and consumer goods industries, today
announced receipt of an unsolicited preliminary non-binding
proposal to acquire all the remaining outstanding ordinary shares
of the Company from its controlling shareholder, Shiji (Hong Kong)
Limited (“Shiji”), which presently owns 2,744,857 shares of
eFuture, represented 52.37% of the outstanding ordinary shares of
eFuture as of June 5, 2016, for $6.32 in cash per share. Earlier
this year, Shiji nominated and appointed six members of the Board
of Directors (the “Board”) of the Company, who are presently
serving on the Board of a total eleven members.
Shiji’s non-binding offer is subject to various conditions,
including due diligence, financing, and the parties entering into
satisfactory definitive agreements.
Consistent with its fiduciary duties, the Board in consultation
with its legal and financial advisors, will carefully review the
Shiji proposal to determine the course of action that it believes
is in the best interests of eFuture shareholders.
The Board cautions eFuture's shareholders and others considering
trading in its securities that the Board received the non-binding
proposal and no decisions have been made with respect to eFuture's
response to the proposal. There can be no assurance that any
definitive offer will be made, that any legally binding agreement
will be executed or that this or any other transaction will be
approved or consummated. eFuture does not undertake any obligation
to provide any updates with respect to this or any other
transaction, except as required under applicable law.
ABOUT EFUTURE HOLDING
INC.
eFuture Holding Inc. (Nasdaq:EFUT) is a leading
software and solution provider and a mobile business enabler to
China's retail and consumer goods industries. eFuture's clients
include 1,000+ active retailers with more than 50,000 physical
stores across China, of which about 45% were ranked among the top
100 chain retailers during 2014. For more information about
eFuture, please visit http://www.e-future.com.cn.
SAFE HARBOR
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements.
eFuture may also make written or oral forward-looking statements in
periodic reports to the Securities and Exchange Commission (the
“SEC”), in its annual report to shareholders, in press releases and
other written materials and in oral statements made by its
officers, directors or employees to second parties. Statements that
are not historical facts, including statements about the Company’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: eFuture’s
anticipated growth strategies; eFuture’s future business
development, results of operations and financial condition;
expected changes in the Company’s revenue and certain cost or
expense items; eFuture’s ability to attract clients and leverage
its brand; trends and competition in the software industry; the
Company’s ability to control expenses and maintain profit margins;
the Company’s ability to hire, train and retain qualified
managerial and other employees; the Company’s ability to develop
new software and pilot new business models at desirable locations
in a timely and cost-effective manner; the performance of third
parties under contracts with the Company; the expected growth of
the Chinese economy software market in retail and consumer goods
industries; and Chinese governmental policies relating to private
managers and operators of software and applicable tax rates.
Further information regarding these and other
risks will be included in eFuture’s annual report on Form 20-F and
other documents filed with the SEC. All information provided in
this press release and in the attachments is as of June 6, 2016,
and the Company undertakes no duty to update such information or
any other forward-looking information, except as required under
applicable law.
Investor Contact:
Troe Wen, Company Secretary
eFuture Holding Inc.
+86 10 50916128
ir@e-future.com.cn
eFuture Holding Inc. (NASDAQ:EFUT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
eFuture Holding Inc. (NASDAQ:EFUT)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024