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Stock impact report

58.com Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

58. COM INC (WUBA) 
Last 58. com inc earnings: 3/11 07:00 pm Check Earnings Report
US:NYSE Investor Relations: 58.investorroom.com
Company Research Source: PR Newswire
BEIJING, April 27, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online classifieds marketplace, today announced that the special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated April 2, 2020 (the "Proposal") or any alternative strategic option that the Company may pursue, has retained Houlihan Lokey (China) Limited 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 the Company's securities that no decisions have been made with respect to the Proposal or any alternative strategic option that the Company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transactio Show less Read more
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