China XD Plastics receives going-private proposal from CEO-led buyer group

China XD Plastics Company Limited received a non-binding proposal from a buyer group led by CEO Jie Han to acquire all outstanding shares for US$1.1 per share in cash, valuing the deal at approximately US$1.1 per share.

“China XD Plastics Company Limited today announced that its board of directors has received a preliminary and non-binding proposal letter... proposing to acquire all of the outstanding shares... for US$1.1 per Share in cash.”centralcharts.com

• 3 sources
• centralcharts.comChina XD Plastics Company Limited Announces Receipt of Non-Binding "Going Private" ProposalMay 8, 2020
• centralcharts.comChina XD Plastics Company Limited Enters into Definitive Merger Agreement for Going Private TransactionJun 15, 2020
• prnewswire.comChina XD Plastics Company Limited Enters into Definitive Merger Agreement for Going Private TransactionChina XD Plastics Company LimitedJun 15, 2020

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