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    WUBA   US31680Q1040

58.COM INC.

(WUBA)
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58.COM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of 58.com Inc. - WUBA

07/01/2020 | 06:54pm EST

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of 58.com Inc. (NYSE: WUBA) to Quantum Bloom Group Ltd. Under the terms of the proposed transaction, shareholders of 58.com will receive only $28.00 in cash for each class A or B share and $56.00 in cash for each American depositary share (“ADS”) of 58.com that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-wuba/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.


ę Business Wire 2020
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Chart 58.COM INC.
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58.com Inc. Technical Analysis Chart | WUBA | US31680Q1040 | MarketScreener
Managers and Directors
Jin Bo Yao Chairman & Chief Executive Officer
Ming Ke He President
Ming Shu Leung Chief Financial Officer
Hong Yu Xing Chief Technology Officer
Lin Cong Vice President-Finance & Information Technology
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