China’s Qihoo to acquire HK-listed Vision Values
Chinese internet security software provider Qihoo360 Technology, which recently received a take-private offer from its management and VC investors, intends to acquire a majority stake in Hong Kong-listed Vision Values. It is suggested Qihoo might seek to re-list in Hong Kong via a reverse merger.
The People’s Insurance Company of China (PICC) and its subsidiary PICC Property and Casualty (P&C) are participating as co-investors. According to a filing, Vision Values is issuing 6.6 billion shares...
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