- Published at
- by manilatimes.net
mixed
mixed
Autohome Inc. Announces Change in Controlling Shareholder and Management Change
BEIJING, Feb. 20, 2025 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ('Autohome' or the 'Company'), the leading online destination for automobile consumers in China, today announced that the Company has been informed by Yun Chen Capital Cayman ('Yun Chen', a subsidiary of Ping An), its controlling shareholder, that on February 20, 2025, Yun Chen entered into a share sale and purchase agreement (the 'Share Sale and Purchase Agreement') with CARTECH HOLDING COMPANY, a subsidiary of Haier Group Corporation (the 'Purchaser'). Pursuant to the Share Sale and Purchase Agreement, Yun Chen has agreed to sell, and the Purchaser has agreed to acquire, 200,884,012 ordinary shares of the Company, representing approximately 41.91%[1] of the issued and outstanding ordinary shares of the Company, at a consideration of approximately US$1.8 billion (the 'Share Transfer').