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By Ding Yi / Apr 03, 2020 04:11 PM / Business & Tech

Photo: VCG

Photo: VCG

American depositary shares (ADSs) of Chinese classifieds marketplace operator jumped nearly 13% to $52.80 on Thursday after it announced receipt of an offer to take the company private from private equity firm Ocean Link Partners.

Shanghai-based Ocean Link has offered to pay the equivalent of $55 in cash per ADS, representing an 18% premium to's closing price on Wednesday, said in a Thursday statement.

The potential buyer, which has previously invested in China’s travel sector including hotels, resorts and transportation services, plans to fund the transaction with its equity capital and money from any additional members it ushers into a consortium, and possibly with debt capital, according to the statement.

New York-listed said that its board will evaluate the proposed transaction. A week ago, the company agreed to purchase online used vehicle seller Uxin’s business-to-business auction platform for $105 million in as part of its “all-in-service” strategy.

Contact reporter Ding Yi (

Related: Buys Uxin’s Used Car Auction Business

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