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Tongcheng Travel-backed eLong closes cash offer for Dida, wins 88.74% acceptances
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Tongcheng Travel-backed eLong closes cash offer for Dida, wins 88.74% acceptances
  • eLong, controlled by Tongcheng Travel, closed its cash offer for ride-hailing platform Dida on Aug. 21.
  • Valid acceptances covered 910,755,954 shares, equal to 88.74% of Dida’s issued share capital.
  • Offeror and concert parties would hold 88.74% of Dida, subject to share transfers being registered.
  • Cash settlement checks are due to be mailed by Sept. 1.
  • Dida’s public float fell to 11.26% following the offer, below the 25% minimum.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tongcheng Travel Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260821-12294520), on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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