Jumei International Holding Limited (NYSE:JMEI) noted trading -30.57% off 52-week high price. On the other end, the stock has been noted 26.44% away from the low price over the last 52-weeks. The stock changed -0.67% to recent value of $19.37. The stock transacted 279937 shares during most recent day however it has an average volume of 81.16K shares. The company has 11.49M of outstanding shares and 0.11M shares were floated in the market.
On Feb. 25, 2020, Jumei International Holding Limited (NYSE:JMEI) a fashion and lifestyle solutions provider in China, notified that it has entered into a definitive Agreement and Plan of Merger (the Merger Agreement) with Super ROI Global Holding Limited, a business company organized and existing under the laws of the British Virgin Islands (Parent), and Jumei Investment Holding Limited, an exempted company incorporated in the Cayman Islands and a wholly-owned subsidiary of Parent (Purchaser), pursuant to which Parent and Purchaser will acquire all the outstanding class A ordinary shares of the Company, par value $0.00025 per share (each a Class A Ordinary Share) and American depositary share each representing ten Class A Ordinary Share (each an ADS), other than Class A Ordinary Shares and ADSs owned by Purchaser. Parent is ultimately wholly-owned by Mr. Leo Ou Chen (Mr. Chen), the founder, chairman of board of directors, chief executive officer and acting chief financial officer of the Company. Mr. Chen, Parent and Purchaser (collectively, the Buyer Group) currently beneficially holds 50,892,198 class B ordinary shares of the Company (the Class B Ordinary Shares, together with the Class A Ordinary Shares, the Shares), representing approximately 44.6% of the outstanding Shares and 88.9% of the total voting power represented by all outstanding Shares of the Company.
Under the terms of the Merger Agreement, Purchaser will promptly commence a tender offer (the Offer) to acquire all the outstanding Class A Ordinary Shares of the Company (including Class A Ordinary Shares represented by ADSs) not owned by Purchaser at a price of $2.0 per Share or $20.0 per ADS in cash, without interest and less $0.05 per ADS cancellation fees, $0.02 per ADS depositary service fees and other related fees and withholding taxes (the Offer Price). The closing of the tender offer will be subject to several conditions, including (i) the tender by a number of Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) that, together with any other Shares owned by Purchaser, constitutes at least 90% of the total voting power represented by the outstanding Shares, (ii) Purchaser and Parent shall have sufficient funds, after taking into consideration the aggregate proceeds of a debt financing, cash on hand of Purchaser, Parent, the Company and its subsidiaries, available lines of credit and other sources of immediately available funds available to Purchaser and Parent, to pay the aggregate Offer Price (assuming all of the Class A Ordinary Shares and ADSs that are issued and outstanding and not owned by Purchaser are validly tendered and not properly withdrawn) and all fees and expenses expected to be incurred in connection with the Offer and (iii) other customary conditions.
Its earnings per share (EPS) expected to touch remained 435.00% for this year while earning per share for the next 5-years is expected to reach at 16.70%. JMEI has a gross margin of 25.40% and an operating margin of -8.20% while its profit margin remained 2.70% for the last 12 months.
According to the most recent quarter its current ratio was 2.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 16.00% from the mean of 20 days, 7.47% from mean of 50 days SMA and performed -6.20% from mean of 200 days price. Company’s performance for the week was 20.24%, 11.13% for month and YTD performance remained -5.51%.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
Email Contact – [email protected]
Address – 797 Paradise Crescent, Hauterive, Quebec
Zip Code – G5C 1M1
Phone Number – 418-920-9491