Zhang Lei and Pan Shiyi?
Soho China‘s privatization road is about to usher in a new turning point?
On November 13th, SOHO China’s share price soared to 40%. Market news said that the private equity firm Hillhouse and SOHO China had conducted preliminary Negotiations to privatize it.
According toGolden Ten Data quoted four people familiar with the matter, the transaction may exceed 2 billion US dollars . One of the people familiar with the matter said Hillhouse is also considering taking on SOHO China loans of about 18 billion yuan (US$2.72 billion) as part of its leveraged buyout.
According to SOHO China’s 2020 Interim Report, as of the end of June, the developer’s total debt was RMB 33 billion. People familiar with the matter said that the negotiations with SOHO China are still at an early stage and may change.
SOHO China’s road to privatization is not smooth.
Three months ago, the chairman of SOHO China Pan Shiyi and Blackstone Group’s negotiations on the privatization of SOHO China have been terminated. According to Bloomberg News, the core reason is that the public health incident made SOHO China’s The business outlook is full of uncertainty.
Galleng declined to comment. SOHO China did not immediately respond to a request for comment.