So-young announces engagement of legal and financial advisors to the special committee

Beijing, dec. 03, 2021 (globe newswire) -- so-young international inc. (nasdaq: sy) (“so-young” or the “company”), the largest and most vibrant social community in china for consumers, professionals and service providers in the medical aesthetics industry, today announced that the special committee (the “special committee”) of the company's board of directors (the “board”) has retained duff & phelps, a kroll business operating as kroll, llc, as its independent financial advisor and gibson, dunn & crutcher llp as its independent u.s. legal counsel to assist the special committee in its evaluation and consideration of the previously announced preliminary non-binding proposal letter, dated november 22, 2021, from mr. xing jin, co-founder, chairman of the board and chief executive officer of the company, to acquire all of the outstanding class a ordinary shares of the company that are not already owned by mr. jin and his affiliates (the “buyer group”) for a purchase price of $5.30 per american depositary share (“ads,” with every 13 adss representing 10 class a ordinary shares), or us$6.89 per class a ordinary share, in cash in a going private transaction (the “proposed transaction”).
SY Ratings Summary
SY Quant Ranking