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In This List forms committee to review's takeover offer


According to Market Intelligence, December 2022


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Chinese online game developer and operator Ltd. formed a special committee to review and evaluate a nonbinding proposal from its parent company Ltd. to fully acquire

The committee consists of independent directors Xiao Chen and Charles Chan, the company disclosed in an Oct. 18 SEC filing. earlier offered to purchase all class A ordinary shares it does not already own in, including American depositary shares, at US$5 per share or US$10 per ADS in cash.'s special committee retained Houlihan Lokey (China) Ltd. as its financial adviser and Skadden Arps Slate Meagher & Flom as its U.S. legal counsel.