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111 Inc. co-founders propose $4.52-per-ADS take-private transaction

Verifying
  • 111 Inc. co-founders and Huadeng Tech BioArray Ventures proposed taking the company private.
  • $4.52 per ADS was offered in cash, with each ADS representing 20 Class A Shares.
  • 111’s Board had not evaluated the proposal, and no transaction approval or completion was assured.
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