ICQ icar asia limited
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News: ICQ Icar Asia Says Due Diligence Access Granted To Carsome

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    20/07/21
    11:20
    Post #: 54625475

    July 20 (Reuters) - Icar Asia Ltd (ICQ) :

    • DUE DILIGENCE ACCESS GRANTED TO CARSOME AND TERMINATION OF AUTOHOME DISCUSSIONS
    • AS CONDITION OF PROPOSAL, CARSOME REQUESTED PERIOD OF EXCLUSIVITY IN TO UNDERTAKE CONFIRMATORY DUE DILIGENCE
    • AUTOHOME INFORMED ICAR THAT AUTOHOME HAS DECIDED TO TERMINATE DISCUSSIONS IN RELATION TO AN ACQUISITION OF ICAR
    • IBC OF ICAR CONSIDERED PROPOSAL& CONCLUDED THAT IT IS IN BEST INTERESTS OF ICAR SHAREHOLDERS TO PROVIDE DUE DILIGENCE ACCESS TO CARSOME
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