SouFun Holdings (SFUN) Updates on Wanli Stake Acquisition; Subscription Agreements Entered
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Fang Reaches Definitive Agreements with Wanli
January 20, 2016 7:00 AM ESTBEIJING, Jan. 20, 2016 /PRNewswire/Â -- SouFun Holdings Limited (NYSE: SFUN) ("Fang" or the "Company"), the leading real estate Internet portal in China, today announced that it had made significant progress on its acquisition of a controlling stake in Chongqing Wanli New Energy Co., Ltd. ("Wanli"), a company listed on the Shanghai Stock Exchange (stock code: 600847), and the sale of Wanli's assets (such transactions, collectively, the "Restructuring"), as referred to in a press release dated November 13, 2015. The parties involved have entered into definitive agreements with regard to the Restructuring.... More
