Sina and China Dongxiang spent US $ 100.73 million to acquire a 19% stake in Macquarie (VC296)

On March 2nd, Macquarie Co., Ltd. (hereinafter referred to as "McColin") announced that the subsidiaries of Sina and China Dongxiang Group Co., Ltd. will purchase a total of two major shareholders from Macquarie, Maxpro Holdings Limited and EverKeen Holdings Limited under Sequoia Capital 117 505 755 common shares (equivalent to 16 786 535 American depositary shares). Each American Depositary Share traded by Macquarie on the NASDAQ Global Market is equivalent to 7 common shares.

The parties involved in the transaction reached the following consensus: After the transaction is completed, Sina will appoint a representative to join McCallin, replacing Mr. Yu Genling, vice president of Sequoia Capital, who will resign as director of the company, to become the company's new director. From the completion date of the acquisition, Sina and China Dongxiang will enter a one-year lock-up period. At the same time, the remaining Macquarie shares held by Sequoia will also enter a 180-day lock-up period.

"We believe that the strategic cooperation with Sina and China Dongxiang will help accelerate the pace of McCawlin becoming China's leading online fashion mall." Said Gu Beichun, director and CEO of McCawlin. "We plan to work with Sina to explore new online marketing models. And reach the most beneficial partnership in the field of online advertising. "" We will establish a channel dedicated to the sale of sportswear on our online platform m18.com with China Dongxiang and develop new basic apparel products together. "

"We are very happy that Sina and China Dongxiang have become strategic shareholders of the company. We will continue to support the company's management to realize their business plans and strategies." Shen Nanpeng, Chairman of Macquarie and Executive Partner of Sequoia Capital China, commented .

Sina CEO Cao Guowei said: "We are very pleased to enter the Chinese e-commerce market by investing in Macquarin. We believe that our strategic investment in Macquarin will enhance the company's online marketing capabilities and help Macquarin become the leader in China's online fashion platform. . "

Chen Yihong, Chairman of China Dongxiang Group, commented: "China Dongxiang Group is very pleased to conclude this transaction. China Dongxiang brand enjoys high popularity in the field of sportswear, and McCawlin's e-commerce platform will provide us with access to China's huge online sportswear market A solid foundation. We believe that both China Dongxiang and McCawlin will benefit from future cooperation.

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