News & Videos - EHI CAR SERVICES

eHi Car Services Announces Completion of Going Private Transaction PR Newswire SHANGHAI, April 9, 2019 SHANGHAI , April 9, 2019 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced the completion of the merger (the "Merger") of the Company with Teamsport Bidco Limited ("Merger Sub"), a wholly-owned subsidiary of Teamsport Parent Limited ("Parent"), pursuant to the previously announced amended and...

eHi Car Services Announces Shareholders' Approval of Merger Agreement PR Newswire SHANGHAI, April 8, 2019 SHANGHAI , April 8, 2019 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced that at an extraordinary general meeting of shareholders held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan...

eHi Car Services Announces Extraordinary General Meeting of Shareholders PR Newswire SHANGHAI, March 11, 2019 SHANGHAI , March 11, 2019 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced that it has called an extraordinary general meeting of shareholders (the "EGM") to be held on April 8, 2019 at 10:00 a.m. ( Shanghai time), at Unit 12/F, Building No. 5, Guosheng Center, 388 Daduhe Road,...

eHi Car Services Enters into Amended and Restated Merger Agreement for Going Private Transaction and into Global Settlement Agreement with Members of Ocean Link Consortium PR Newswire SHANGHAI, Feb. 19, 2019 SHANGHAI , Feb. 19, 2019 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced that it has entered into an Amended and Restated Agreement and Plan of Merger (the "Amended Merger Agreement")...

eHi Car Services Announces Results of 2018 Annual General Meeting PR Newswire SHANGHAI, Dec. 27, 2018 SHANGHAI , Dec. 27, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services provider in China , today announced the resolutions adopted at its annual general meeting of shareholders held in Shanghai, China on December 27, 2018 . At the meeting, eHi's shareholders (i) approved the re-election of Mr. Qian Miao as a director of the...

eHi Car Services Announces US$195 Million Syndicated Loan Facilities PR Newswire SHANGHAI, Dec. 7, 2018 SHANGHAI , Dec. 7, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services provider in China , today announced that the Company has entered into a US$195 million syndicated loan facility agreement. This loan facility agreement provides a US$195 million credit line to the Company, including an initial facility of US$180 million...

The Ocean Link Consortium Secures Blocking Vote in eHi Car Services Take-private Transaction PR Newswire SHANGHAI, Aug. 23, 2018 The voting power held by the Ocean Link Consortium in eHi is no longer in dispute The Ocean Link Consortium reserves all rights to take legal action against parties to the Ignition transaction The Ocean Link Consortium has put forth a superior take-private offer with a higher offer price and urges eHi special committee, existing shareholders as well as management...

The Ocean Link Consortium Secures Blocking Vote in eHi Car Services Take-private Transaction PR Newswire SHANGHAI, Aug. 21, 2018 33.2% voting power held by the Ocean Link Consortium in eHi is no longer in dispute SHANGHAI , Aug. 21, 2018 /PRNewswire/ -- The consortium formed between Ocean Imagination L.P. ("Ocean Link") and Ctrip Investment Holdings Ltd. ("Ctrip", together with "Ocean Link", the "Ocean Link Consortium"), today announced that on August 16, 2018 , an arbitrator in Hong Kong has...

The Ocean Link Consortium Secures Blocking Vote in eHi Car Services Take-private Transaction PR Newswire SHANGHAI, Aug. 21, 2018 33.2% voting power held by the Ocean Link Consortium in eHi is no longer in dispute SHANGHAI , Aug. 21, 2018 /PRNewswire/ -- The consortium formed between Ocean Imagination L.P. ("Ocean Link") and Ctrip Investment Holdings Ltd. ("Ctrip", together with "Ocean Link", the "Ocean Link Consortium"), today announced that on August 16, 2018 , an arbitrator in Hong Kong has...

eHi Files Amended Transaction Statement on Schedule 13E-3 with Securities and Exchange Commission PR Newswire SHANGHAI, July 3, 2018 SHANGHAI , July 3, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced that it and other filing persons have filed an amended transaction statement on Schedule 13E-3 ("Transaction Statement") with the United States Securities and Exchange Commission (the "SEC")...

eHi Comments on Cayman Court's Outright Dismissal of Ctrip's Lawsuit and the Ctrip Consortium's Revised Non-Binding Proposal PR Newswire SHANGHAI, July 2, 2018 Cayman Court States Allegations in Ctrip's Lawsuit "Unsustainable" and "Unmeritorious," arising from "the cynical and abusive presentation of a winding-up petition" Court Further Notes That "far from seeking to advance a class remedy on behalf of shareholders, [Ctrip] was seeking to advance its own individual commercial interests" Ctrip...

Ctrip and Ocean Link Partners Submit Revised Higher Offer to Acquire eHi Car Services Limited PR Newswire SHANGHAI, June 29, 2018 SHANGHAI , June 29, 2018 /PRNewswire/ -- the consortium (the "Ocean Link Consortium") formed between Ocean Imagination L.P., an entity controlled by Ocean Link Partners Limited, a private equity firm dedicated to investing in travel-related industries in China ("Ocean Link") and Ctrip Investment Holding Limited, a subsidiary of Ctrip.com International Ltd. (NASDAQ:...

Ctrip and Ocean Link Partners Submit Revised Higher Offer to Acquire eHi Car Services Limited PR Newswire SHANGHAI, June 30, 2018 SHANGHAI , June 30, 2018 /PRNewswire/ -- the consortium (the "Ocean Link Consortium") formed between Ocean Imagination L.P., an entity controlled by Ocean Link Partners Limited, a private equity firm dedicated to investing in travel-related industries in China ("Ocean Link") and Ctrip Investment Holding Limited, a subsidiary of Ctrip.com International Ltd. ( NASDAQ :...

Ctrip and Ocean Link Partners Submit Revised Higher Offer to Acquire eHi Car Services Limited PR Newswire SHANGHAI, June 29, 2018 SHANGHAI , June 29, 2018 /PRNewswire/ -- the consortium (the "Ocean Link Consortium") formed between Ocean Imagination L.P., an entity controlled by Ocean Link Partners Limited, a private equity firm dedicated to investing in travel-related industries in China ("Ocean Link") and Ctrip Investment Holding Limited, a subsidiary of Ctrip.com International Ltd. ( NASDAQ :...

eHi Car Services Filed 2017 Annual Report on Form 20-F PR Newswire SHANGHAI, April 30, 2018 SHANGHAI , April 30, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rentals and car services provider in China , today announced that the Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2017 with the Securities and Exchange Commission on April 30, 2018 . The annual report on Form 20-F can be accessed on the...

eHi Issues Statement Regarding the Agreed-Upon Transaction with the Teamsport Consortium PR Newswire SHANGHAI, April 16, 2018 SHANGHAI , April 16, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today issued the following statement regarding eHi's previously announced definitive Agreement and Plan of Merger (the "Merger Agreement") with the Teamsport consortium, which includes eHi's Chairman and CEO Ray...

eHi Car Services Announces Full Year 2017 Results PR Newswire SHANGHAI, April 9, 2018 SHANGHAI , April 9, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services provider in China , today announced its unaudited financial results for the full year ended December 31, 2017 . Unaudited Full Year 2017 Financial Results Net revenues for the full year of 2017 were RMB2,739.5 million ( US$421.1 million ), up 29.9% compared with the full...

eHi Car Services Enters into Definitive Merger Agreement PR Newswire SHANGHAI, April 6, 2018 SHANGHAI , April 6, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Teamsport Parent Limited ("Parent") and Teamsport Bidco Limited ("Merger Sub"), a wholly owned subsidiary of Parent. Pursuant to the...

eHi Car Services Announces Update to Preliminary Non-Binding Proposal to Acquire the Company PR Newswire SHANGHAI, Jan. 2, 2018 SHANGHAI , Jan. 2, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services company in China , today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated January 1, 2018 (the "Proposal Letter"), from affiliates of MBK Partners HK Limited and Mr....

eHi Car Services Announces Results of 2017 Annual General Meeting PR Newswire SHANGHAI, Jan. 2, 2018 SHANGHAI , Jan. 2, 2018 /PRNewswire/ -- eHi Car Services Limited ("eHi" or the "Company") (NYSE: EHIC), a leading car rental and car services provider in China , today announced the resolutions adopted at its annual general meeting of shareholders held in Shanghai, China on December 28, 2017 . At the meeting, eHi's shareholders (i) approved the re-election of Mr. David Jian Sun as a director of...