Meituan: Plans to acquire Dingdong Maicai for $717 million

2026-02-05 09:22:16

Abstract generation in progress

Meituan announced on the Hong Kong Stock Exchange that on February 5, 2026 (non-trading hours), the purchaser, the transferor, and Mr. Liang Changlin entered into a share transfer agreement. Pursuant to this agreement (including), the purchaser agrees to acquire, and the transferor agrees to sell all issued shares held by the transferor in the target company. The initial consideration is US$717 million (subject to adjustment). However, after the transferor extracts no more than US$280 million from the target group, it must still ensure that the net cash of the target group is no less than US$150 million. Dingdong is a leading fresh produce e-commerce company in Mainland China, founded and controlled by Mr. Liang Changlin, and the target company is a direct wholly-owned subsidiary of Dingdong. Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of our company, and the financial performance of the target group will be consolidated into our group’s financial statements.

(Source: Jiemian News)

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