360 privatization PPT file exposure $3 billion 400 million debt financing

Tencent technology Lei Jianping reported on January 7th

as the largest in the concept of private equity transactions, 360 privatization process has attracted much attention. The Tencent was informed on science and technology, China Merchants Bank and two other joint-stock commercial banks has led to 360 privatization transactions to provide $3 billion 400 million in debt financing.

investors include CITIC Guoan, China Ping, Sequoia Capital China, Taikang Life Insurance and sunshine. The day before the announcement of CITIC Guoan has confirmed, will invest $400 million, accounting for 360 of the total cash privatization price of 4.3%.

Huatai Securities Information Technology Tencent got the

day before the show, the 360 plan by the end of 2015 to determine the privatization funds, all funds in place in mid March 2016, and complete the privatization of city 360.

360 the privatization roadmap also shows that 360 in the preparation of red chip architecture and back to China, and prepare A shares backdoor listing. 360 is expected by the end of 2016 through the approval of the A shares in the end of, and in March 2017 to complete the 360 equity transaction.

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