Fang Signs Non-binding Memorandum To Acquire Equity Interest In Wanli
Subject to the completion of due diligence satisfactory to Fang and the obtaining of the relevant internal and regulatory approvals, the parties expect to enter into definitive transaction documents related to the proposed acquisition and consummate the transactions contemplated thereunder in due course.
For further details of the proposed acquisition, please refer to public announcement made by
Fang operates the leading real estate Internet portal in
Founded in 1992,
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as "will," "expects," "is expected to," "anticipates," "aim," "future," "intends," "plans," "believes," "are likely to," "estimates," "may," "should" and similar expressions, and include, without limitation, the expectation to enter into definitive transaction documents related to the proposed acquisition. Such statements are based upon management's current expectations, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Fang's control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, without limitation, the parties' ability to complete the due diligence to the satisfaction of Fang, obtain the relevant internal and regulatory approvals, enter into definitive transaction documents related to the proposed acquisition and consummate the transactions contemplated thereunder. Further information regarding these and other risks, uncertainties or factors is included in Fang's filings with the
For investor and media inquiries, please contact:
Dr. Hua Lei
Director, Investor Relations