Fang.com's Data Analytics Spinoff CIH to be Taken Private

December 23, 2022

Chinese real estate portal operator Fang Holdings Limited has announced that it has signed a definitive agreement relating to a $92 million deal which would see China Index Holdings Limited (CIH) go private.

China Index Holdings Ltd Share Price

CIH share price history. Credit: Google Finance

China Index Holdings Limited (NASDAQ: CIH) is a leading real estate information and analytics service platform provider that was spun off from Fang in 2019.

The deal would re-merge CIH with its parent with the price representing a 46% premium on the average closing price over the last 30 trading days prior to the announcement. The board of directors of the Company and its audit committee have approved the deal which is expected to close in Q1 of 2023.

News of the deal comes amid continuing poor performance among Chinese portal operators and the real estate sector in general. Chinese real estate portal companies have suffered on the back of a market slowdown over the past few years as those that report publicly have seen record losses.

Fang.com was delisted from the New York stock exchange earlier this year after failing to file financial reports with the SEC. The company was also one of two Chinese portal companies that mysteriously sacked their western auditors this year.

December 23, 2022
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick