Qunar deal gets approval

Updated 2017-02-27 10:34:38 Global Times

China's leading online travel platform qunar.com on Friday announced that shareholders had approved a previously announced merger agreement, according to a statement on the company's website.

On October 19, 2016, qunar.com announced a merger agreement with Ocean Management Holdings.

When the deal is completed, the company will become privately held and its American depositary shares will no longer be listed on the NASDAQ stock market, according to the statement.

About 98.86 percent of the ordinary shares voted in person or by proxy in favor of the proposal, it said.

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