Icar Asia Says Due Diligence Access Granted To Carsome

Reuters2021-07-20

Icar Asia Ltd :Due Diligence Access Granted To Carsome And Termination Of Autohome Discussions.As Condition Of Proposal, Carsome Requested Period Of Exclusivity In To Undertake Confirmatory Due Diligence.Autohome Informed Icar That Autohome Has Decided To Terminate Discussions In Relation To An Acquisition Of Icar.Ibc Of Icar Considered Proposal& Concluded That It Is In Best Interests Of Icar Shareholders To Provide Due Diligence Access To Carsome.

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