BEIJING, March 18, 2014 /PRNewswire/ -- SouFun Holdings
Limited (NYSE: SFUN, "SouFun"), the leading real estate Internet
portal in China, today announces
that it will change the ratio of its American Depositary Receipts
representing Class A ordinary shares from one (1) American
depositary share ("ADS") for one (1) Class A ordinary shares
to five (5) ADS for one (1) Class A ordinary share.
The record date for the ratio change is at the close of business
on March 28, 2014 (U.S. EDT). For
SouFun's ADS holders, this ratio change will have the same effect
as a 5-for-1 ADS split. There will be no change to SouFun's Class A
ordinary shares. Furthermore, no action by ADS holders is required
to effect the ratio change. The effect of the ratio change on the
ADS trading price on New York Stock Exchange is expected to take
place on April 7, 2014 (U.S.
EDT).
About SouFun
SouFun operates the leading real estate Internet portal in
China in terms of the number of
page views and visitors to our websites in 2013. Through SouFun's
websites, it provides marketing, e-commerce, listing, and other
value-added services for China's
fast-growing real estate and home-related sectors. SouFun's
Internet portal is highly focused on user experience, and supports
SouFun's users in seeking information on the real estate and
home-related sectors in China.
SouFun currently maintains about 100 offices to focus on local
market needs and its website and database contains real estate
related content covering more than 320 cities in China. For more information about SouFun,
please visit http://ir.soufun.com.
Safe Harbor Statements
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995.
These forward-looking statements can be identified by
terminology such as "will," "expects," "is expected to,"
"anticipates," "aim," "future," "intends," "plans," "believes,"
"are likely to," "estimates," "may," "should" and similar
expressions. Statements that are not historical facts, including
statements about SouFun's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained in any forward-looking statement. Potential risks and
uncertainties include, but are not limited to, SouFun's limited
operating history, the current global financial and credit markets
crisis and its potential impact on the Chinese economy, measures
taken or to be taken by the Chinese government to control real
estate growth and prices and other events which could recur in the
future.
Further information regarding these and other risks and
uncertainties is included in SouFun's annual report on form 20-F
and other documents filed with the U.S. Securities and Exchange
Commission. SouFun does not assume any obligation to update any
forward-looking statements in this release and elsewhere, which
apply only as of the date of this press release.
For investor and media inquiries, please contact:
Ms. Yiwen Zhang
SouFun Holdings Limited
Tel: +86 (10) 5631 - 8659
E-mail: zhangyiwen@soufun.com
SOURCE SouFun Holdings Ltd.