Recent events
Recent events tied to this brand in public sources.
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2021
Blackstone ends proposed acquisition of SOHO China
Blackstone decided not to make an offer for SOHO China's shares, ending the proposed acquisition after the parties concluded that the conditions precedent could not be met by the deadline.
2021
China market regulator opens review of SOHO China–Blackstone deal
China’s State Administration for Market Regulation formally opened a review of the HK$23.6 billion transaction between SOHO China and Blackstone Group.
2021
China opens antitrust review of Blackstone–SOHO China transaction
China’s State Administration for Market Regulation formally opened an antitrust review of Blackstone Group’s proposed acquisition of SOHO China. SOHO China said the transaction was still progressing and that the parties might be asked to provide further materials.
2021
Blackstone makes an offer to acquire control of SOHO China
Blackstone made a cash offer to acquire shares in SOHO China at HK$5 per share, for a total of HK$23.658 billion, seeking a controlling stake. The article says SOHO China’s existing controlling shareholder would retain a 9% stake if the offer were completed.
2021
Blackstone announces offer to acquire control of SOHO China
SOHO China announced that Blackstone had issued a conditional voluntary cash offer to acquire its issued shares and obtain a controlling stake. The reported offer price was HK$5 per share, and the maximum cash consideration was approximately HK$23.658 billion if the offer were fully accepted, subject to stated exclusions.
2021
Blackstone makes takeover offer for SOHO China
SOHO China confirmed that Blackstone had made a comprehensive takeover offer for the company at HK$5 per share; the announcement said existing controlling shareholders would retain a 9% stake after completion.
2020
Blackstone and SOHO China ended transaction talks
SOHO China announced that transaction talks with Blackstone Group, which had planned to privatize SOHO China for $4 billion, had ended.
2020
SOHO China ends progress updates on potential transaction
SOHO China said it had not entered into a formal or legally binding agreement with any third party for the potential transaction and would no longer issue monthly progress updates. The report says the parties had not reached consensus on the potential privatization transaction.
2020
SOHO China reports 2019 annual results
SOHO China reported 2019 annual results, including revenue of approximately RMB 1.847 billion, up about 11% year over year, and net profit of approximately RMB 1.32 billion, down 32.3%.