Tuniu Unveils $148 Mln Investment In Aggregate From A Group Of Investors

(RTTNews) - Tuniu Corp. (TOUR) announced that it has entered into a share subscription agreement with Unicorn Riches Limited, JD.com E-commerce Hong Kong Corporation Limited, a special purpose vehicle of JD.com Inc. (JD), Ctrip Investment Holding Ltd., a subsidiary of Ctrip.com International, Ltd. (CTRP) and the respective personal holding companies of Tuniu's chief executive officer and chief operating officer, pursuant to which Tuniu will issue and sell a total of US$148 million newly issued class A ordinary shares to the investors.

The company said the purchase price will be US$4.0203 per ordinary share, or the equivalent of US$12.061 per ADS. The purchase price represents the average closing trading prices of the Company's ADSs for the ten trading days prior to the signing of the agreement, adjusted for ADS-to-ordinary share ratio, and represents a small premium over the average of ADS closing trading prices in the last five trading days.

This share issuance is made in reliance on, and in compliance with, Regulation S under the Securities Act of 1933, as amended. Each of the investors has agreed not to sell, transfer or dispose of any shares acquired in the transaction for six months after the closing, the company stated.