InvestorNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) Board Receives Preliminary Acquisition Proposal

iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, reported that its board of directors has received a preliminary nonbinding proposal to acquire the company. Dated Dec. 20, 2022, the proposal letter is from the following companies: Igomax Inc., a British Virgin Islands company wholly owned by Jian Tang, ICLK chair of the board, CEO and company cofounder; Bubinga Holdings Limited, a British Virgin Islands company wholly owned by Wing Hong Sammy Hsieh, a director and company cofounder; and Rise Chain Investment Limited, a British Virgin Islands company wholly owned by Huang Jianjun. The proposal includes acquiring all ICLK outstanding ordinary shares and American depositary shares, other than those already owned by the three companies, or the consortium, for $4.0672 per ADS in cash, or $0.81344 per ordinary share; the transaction is subject to terms and conditions outlined in the proposal letter. According to the announcement, the consortium beneficially owns ICLK ordinary shares representing approximately 63% of the aggregate voting power of the company. The announcement also noted that a special committee of the board will evaluate the proposed transaction. “The board cautions the company’s shareholders and others considering trading the company’s securities that the board has just received the proposal letter, and the special committee has not had an opportunity to carefully review or evaluate the proposal or make any decision with respect to the company’s response to the proposal,” the company stated in the press release. “There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the proposed transaction, or that the proposed transaction or any other transaction will be approved or consummated.”

To view the full press release, visit https://ibn.fm/1Aj6i

About iClick Interactive Asia Group Limited

iClick is a leading enterprise and marketing cloud platform in China. The company’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information about the company, please visit www.iClick.com.

NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK

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