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Announced

Completed

Fuling ParentCo completed the merger with with Fuling Global.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium15.2%
One Off Charge-

Tags

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China

Merger

Public

disposable serviceware

Majority

Acquisition

Containers and Packaging

Friendly

Single Bidder

Privatisation

Completed

Synopsis

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Fuling ParentCo, an exempted company with limited liability incorporated under the law of the Cayman Islands, completed the merger with Fuling Global, a manufacturer and distributor of mainly environmentally-friendly plastic and paper foodservice disposable products. Pursuant to the terms of the agreement, each ordinary share of the Company, par value $0.001 per share, issued and outstanding immediately prior to the Effective Time other than Excluded Shares and Dissenting Shares, will be cancelled and cease to exist in exchange for the right to receive $2.35 in cash without interest, and net of any applicable withholding tax. 20/11/2020: Fuling Global shareholders approve its privatisation deal with Fuling ParentCo.

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