iClick Interactive Asia receives non-binding acquisition proposal

iClick Interactive Asia received a preliminary non-binding proposal dated December 20 from Igomax, a British Virgin Islands company wholly owned by CEO Jian Tang, Bubinga Holdings, a British Virgin Islands company wholly owned by Wing Hong Sammy Hsieh, and Rise Chain, a British Virgin Islands company wholly owned by Huang Jianjun, to acquire all of the outstanding ordinary shares and ADSs for $4.0672 per ADS in cash, or $0.81344 per Ordinary Share. The consortium beneficially owns ordinary shares of the company representing approximately 63% of the aggregate voting power of the company. The Consortium intends to fund the consideration payable in the Proposed Transaction with a combination of equity and debt financing. The special committee of the Board will evaluate the Proposed Transaction.