Fang Announces Record Date for Proposed Separation of China Index Holdings by Distribution
Fang Holdings Limited American Depositary Shares (Each representing Four Class A Ordinary Shares, HK$1.00 par value) (SFUN)
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US:NYSE Investor Relations:
ir.fang.com
Company Research
Source: PR Newswire
BEIJING, May 16, 2019 /PRNewswire/ -- Fang Holdings Limited (NYSE: SFUN) ("Fang"), a leading real estate Internet portal in China, today announced the record date for the proposed separation of China Index Holdings Limited ("CIH"), a wholly-owned subsidiary of Fang, by way of distribution.Fang's board of directors has set May 28, 2019 as the record date for the dividend of (i) CIH's Class A ordinary shares to be paid to holders of Fang's ordinary shares, and (ii) CIH's American depositary shares (each representing one of CIH's Class A ordinary shares) to be paid to holders of Fang's American depositary shares, in order to effect the separation of CIH from Fang. Each holder of Fang's ordinary shares (including both Fang's Class A ordinary shares and Fang's Class B ordinary shares) of record as of 5:00 p.m. Eastern Time on the record date will receive one CIH's Class A ordinary share for every one of Fang's ordinary share. Each holder of Fang's American depositary shares of record as o
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