Zhihu Inc. Announces Results of Tender Offers to Buy Back Its Class A Ordinary Shares and American Depositary Shares

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BEIJING, Oct. 30, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) ("Zhihu" or the "Company"), a leading online content community in China, today announced the results of the Company's all cash ...

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Announces Results of Tender Offers to Buy Back Its Class A Ordinary Shares and American Depositary Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/zhihu-inc-announces-results-tender-123600883.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, Oct. 30, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) (\"Zhihu\" or the \"Company\"), a leading online content community in China, today announced the results of the Company's all cash ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zhihu-inc-announces-results-tender-123600883.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://finance.yahoo.com/news/zhihu-inc-announces-results-tender-123600883.html","article_id":"2479878812","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/cTLelDSbHBtcMMlth70JMQ--~B/aD0xNjt3PTE2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/prnewswire.com/c71311ed7a32785d0f19c77f0e69cf9f"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/zhihu-inc-announces-results-tender-123600883.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2479878812","pubTimestamp":1730291760,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Following the settlement of the Offers, there will be 261,860,348 shares issued and outstanding, which will comprise 246,413,570 Class A ordinary shares  and 15,446,778 Class B ordinary shares, excluding the Class A ordinary shares issued to the depositaryof the Companyfor bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under our stock incentive plans.This press release is for information only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell any securities of the Company. The U.S. Offer was made only pursuant to the U.S. Offer to Purchase and other related materials.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","BK4509":"腾讯概念","BK4117":"多元化保险","ZH":"知乎","BK4077":"互动媒体与服务","BK4539":"次新股","AFG":"美国金融集团有限公司"},"translate_title":"知乎公司宣布要约收购回购其A类普通股和美国存托股票的结果","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"ZH":1},"content_text":"BEIJING, Oct. 30, 2024 /PRNewswire/ -- Zhihu Inc. (NYSE: ZH; HKEX: 2390) (\"Zhihu\" or the \"Company\"), a leading online content community in China, today announced the results of the Company's all cash tender offers (the \"Offers\") to buy back up to 46,921,448 Class A ordinary shares of the Company (including in the form of American depositary shares (the \"ADSs\")). The Offers, including the U.S. Offer, expired at 4:00 a.m., New York City time, or 4:00 p.m., Hong Kong time, on Wednesday, October 30, 2024 (the \"Latest Acceptance Time\"). The Company has been advised by Broadridge Corporate Issuer Solutions, LLC, the tender agent, and Computershare Hong Kong Investor Services Limited, the registrar, that 33,016,016 Class A ordinary shares (including 19,877,118 Class A ordinary shares in the form of 6,625,706 ADSs) were validly tendered and not properly withdrawn as of the Latest Acceptance Time. The Company has accepted all these Class A ordinary shares (including in the form of ADSs) to be bought back and cancelled by the Company on completion of the Offers, which is expected to take place on or before Friday, November 8, 2024. The total consideration payable by the Company for buying back the said Class A ordinary shares (including in the form of ADSs) pursuant to the Offers is HK$300,775,906. The Company will promptly forward cash in payment of the total consideration to the paying agent and registrar for distribution to the accepting shareholders and the accepting ADS holders.\nFollowing the settlement of the Offers, there will be 261,860,348 shares issued and outstanding, which will comprise 246,413,570 Class A ordinary shares (including 126,582,633 Class A ordinary shares in the form of 42,194,211 ADSs) and 15,446,778 Class B ordinary shares, excluding the Class A ordinary shares issued to the depositary of the Company for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under our stock incentive plans.\nCertain Information Regarding the U.S. Offer\nThis press release is for information only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell any securities of the Company. The U.S. Offer was made only pursuant to the U.S. Offer to Purchase and other related materials.\nMaterials filed with the SEC are available electronically without charge at the SEC's website, https://www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company's website, https://ir.zhihu.com.\nAbout Zhihu Inc.\nZhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content community in China where people come to find solutions, make decisions, seek inspiration, and have fun. Since the initial launch in 2010, we have grown from a Q&A community into one of the top comprehensive online content communities and the largest Q&A-inspired online content community in China. For more information, please visit https://ir.zhihu.com. \nSafe Harbor Statement\nThis 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. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as \"may,\" \"will,\" \"expect,\" \"anticipate,\" \"target,\" \"aim,\" \"estimate,\" \"intend,\" \"plan,\" \"believe,\" \"potential,\" \"continue,\" \"is/are likely to,\" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.\nFor investor and media inquiries, please contact:\nIn China:\nZhihu Inc.Email: ir@zhihu.com \nPiacente Financial CommunicationsHelen WuTel: +86-10-6508-0677Email: zhihu@tpg-ir.com \nIn the United States:\nPiacente Financial CommunicationsBrandi PiacentePhone: +1-212-481-2050Email: zhihu@tpg-ir.com \n View original content:https://www.prnewswire.com/news-releases/zhihu-inc-announces-results-of-tender-offers-to-buy-back-its-class-a-ordinary-shares-and-american-depositary-shares-302291534.html\nSOURCE Zhihu Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479878812"}