Fang Intends To Complete Proposed Separation Of China Index Holdings On June 11, 2019
Fang Holdings Limited American Depositary Shares (Each representing Four Class A Ordinary Shares, HK$1.00 par value) (SFUN)
Last fang holdings limited american depositary shares (each representing four class a ordinary shares, hk$1.00 par value) earnings: 11/30 06:22 am
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US:NYSE Investor Relations:
ir.fang.com
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Source: PR Newswire
BEIJING, June 7, 2019 /PRNewswire/ -- Fang Holdings Limited (NYSE: SFUN) ("Fang" or the "Company"), a leading real estate Internet portal in China, today announced its plan to complete the proposed separation of China Index Holdings Limited ("CIH"), a wholly-owned subsidiary of Fang, by way of distribution, on June 11, 2019.On May 16, 2019, Fang announced the record date for the proposed separation of CIH from Fang by distributing CIH's ordinary shares owned by Fang to holders of Fang's ordinary shares and Fang's American depositary shares ("ADSs"). Each holder of Fang's ordinary shares of record as of 5:00 p.m. Eastern Time on May 28, 2019 will receive one CIH's Class A ordinary share for every one of Fang's ordinary share in connection with the separation and distribution. Each holder of Fang's ADSs of record as of 5:00 p.m. Eastern Time on May 28, 2019 will receive one CIH's ADS for every five of Fang's ADSs in connection with the separation and distribution, subject to treatment o
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