Hong Kong-listed Autohome (2518.HK), opens new tab said on Thursday its controlling shareholder Yun Chen Capital Cayman has agreed to sell its 41.91% stake in the company to a unit of Haier Group Corp for $1.8 billion.
Yun Chen, a unit of Ping An Insurance (601318.SS), opens new tab, will cease to be a controlling shareholder of the Chinese online advertising services provider following the sale, retaining around 23.9 million shares, Autohome added in the statement.
