111 Inc says co-founders, Huadeng Tech propose take-private at US$4.52 per ADS
YI•Take-private proposal from co-founders and Huadeng Tech
111 Inc said it received an unsolicited, preliminary non-binding proposal dated Sept. 16, 2026 to buy the remaining Class A shares not owned by the buyer group.
The bid was submitted by co-founders Gang Yu and Junling Liu, along with Huadeng Tech BioArray Ventures, targeting a going-private deal.
The offer price is US$0.23 per Class A share, or US$4.52 per ADS, payable in cash.
Funding is expected to come from equity capital, including rollover equity and cash contributions from the sponsor or affiliates.
The board has not yet reviewed the proposal or decided on a response, and there is no certainty that a definitive deal will be reached.
