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Southern Finance and Economics, September 9th - Zhihu announced that the company has made a conditional voluntary cash offer to repurchase up to 46.92 million shares of Class A common stock at a price of HKD 9.11 per share or USD 3.5 per share of American depositary shares. The offer document was sent to shareholders on September 9, 2024, and includes details of the offer, expected timeline, recommendations from the independent board committee, and procedures for accepting the offer. It is expected that the extraordinary general meeting of shareholders will be held on October 16, 2024 to review and approve the proposal for the tender offer.
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