Citing four sources with direct knowledge of the matter, Reuters reports in an exclusive editorial, China’s online travel giant, Ctrip, is looking to delist from Nasdaq due to the US-China escalation and the coronavirus-led hit to its business.
Key quotes
“The management of China’s largest online travel firm, with a current market value of $16.5 billion (12.84 billion pounds), has reached out to a number of financial and strategic investors including private equity firms and domestic tech companies about joining a take-private deal.”
“Ctrip’s delisting discussions, which have not been reported previously, are at an early stage and are subject to change.”
more to come …
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