Jumei Announces Disposal of a Portion of its Equity Interest in BabyTree
May 28 2018 - 07:37AM
Jumei International Holding Limited (NYSE:JMEI) (“Jumei” or the
“Company”), China’s leading online retailer of beauty products,
today announced that it has entered into a definitive agreement to
sell a certain number of ordinary shares of BabyTree Group,
representing 4.0% of the total issued and outstanding share capital
of BabyTree Group immediately after the sale, to a third-party
investor for an aggregate consideration of approximately US$86.5
million. Immediately after the sale, Jumei will hold approximately
3.33% of the total issued and outstanding share capital of BabyTree
Group.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates,” “confidence” and
similar statements. Jumei may also make written or oral
forward-looking statements in its reports filed or furnished to the
U.S. Securities and Exchange Commission, in its annual reports to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Jumei’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement. Further information regarding these and
other risks is included in our annual report on Form 20-F and other
documents filed with the Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and Jumei undertakes no duty to update such
information, except as required under applicable law.
About Jumei International Holding
Limited
Jumei (NYSE:JMEI) is China’s leading online
retailer of beauty products. Jumei’s internet platform is a trusted
destination for consumers to discover and purchase branded beauty
products, baby, children and maternity products, light luxury
products, health supplements and other products through the
Company’s jumei.com and jumeiglobal.com websites and mobile
application. Leveraging its deep understanding of customer needs
and preferences, as well as its strong merchandizing capabilities,
Jumei has adopted multiple effective sales formats to encourage
product purchases on its platform, including curated sales, online
shopping mall and flash sales. More information about Jumei can be
found at http://ir.jumei.com.
For investor and media inquiries, please
contact:
ChristensenIn ChinaMr. Christian
ArnellPhone:
+86-10-5900-1548Email: carnell@christensenir.com
In USMs. Linda BergkampPhone:
+1-480-614-3004Email: lbergkamp@ChristensenIR.com
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