SHANGHAI, Dec. 26, 2017 /PRNewswire/ -- eHi Car Services
Limited (NYSE: EHIC, "eHi" or the "Company), a leading car rental
and car services company in China,
today announced that the special committee (the "Special
Committee") of the Company's board of directors (the "Board"),
formed to consider the previously announced non-binding proposal
that the Board received from Goliath Advisors Limited ("GAL") on November 26, 2017 (the "Proposal"), has retained
Duff & Phelps, LLC as its independent financial advisor and
Fenwick & West LLP as its legal counsel to assist it in this
process.
The Board cautions the Company's shareholders and others
considering trading in the Company's securities that the Special
Committee is continuing its evaluation of the Proposal and that, at
this time, no decision has been
made with respect to the Company's response to the Proposal. There
can be no assurance that any definitive offer will be made, that
any agreement will be executed or that the Proposal or any other
transaction will be approved or consummated. The Company does not
undertake any obligation to provide any updates with respect to
this or any other transaction, except as required under applicable
law.
About eHi Car Services Limited
eHi Car Services Limited (NYSE: EHIC) is a leading car rental
and car services providers in China. The Company's mission is
to provide comprehensive mobility solutions as an alternative to
car ownership by best utilizing existing resources and sharing
economy to create optimal value. eHi distinguishes itself
in China's fast-growing car rental and car services
market through its complementary business model, customer-centric
corporate culture, broad geographic coverage, efficient fleet
management, leading brand name, and commitment to technological
innovation. eHi is the exclusive strategic partner
in China of Enterprise, the largest car rental company in
the world, and is the designated and preferred business partner of
Ctrip, a leader in the online travel agency industry in China.
For more information regarding eHi, please
visit http://en.1hai.cn.
Safe Harbor Statement
This press release contains certain "forward-looking
statements" within the meaning of federal securities laws. All
statements, other than statements of historical facts, included
herein are "forward-looking statements" including, among other
things, statements about eHi's beliefs and expectations. The
expectations reflected in these forward-looking statements involve
significant assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Potential
risks and uncertainties include, but are not limited to, risks
discussed in ehi's filings with the U.S. Securities and Exchange
Commission at www.sec.gov. Other than as required under
the securities laws, the Company does not assume a duty to update
these forward-looking statements.
For investor and media inquiries, please contact:
In China:
eHi Car Services Limited
Tel: +86 (21) 6468-7000 ext. 8830
E-Mail: ir@ehic.com.cn
In the United States:
The Piacente Group, Inc.
Ms. Brandi Piacente
Tel: +1-212-481-2050
E-Mail: ehi@thepiacentegroup.com
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SOURCE eHi Car Services Limited