Cloopen Receives CEO-Led Preliminary Offer to Take Company Private at Significant Premium
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Cloopen Group Holding Limited has received a preliminary, non-binding proposal from CEO Changxun Sun and Trustbridge Partners to take the company private at a cash offer of $0.4940 per ordinary share, valuing the company at approximately $155.9 million. This offer represents a premium of 51.23% over the last closing price. The board plans to evaluate the proposal with a special committee of independent directors, but there is no certainty that a definitive agreement will be reached, leaving investors uncertain about the company's future listing status.
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