E-dragon Holdings Limited agreed to acquire Suzhou Tongcheng Travel E-Commerce Co., Ltd. on December 29, 2017. Post completion, Suzhou Tongcheng Travel E-Commerce Co., Ltd. will be merged into E-dragon Holdings Limited and the merged entity will be named as Tongcheng-Elong Holdings Limited. Ctrip.com International, Ltd. and Tencent Holdings Limited are current investors in E-dragon Holdings Limited and Suzhou Tongcheng Travel E-Commerce Co., Ltd., will be the major shareholders of Tongcheng-Elong Holdings Limited. The transaction is subject to customary closing conditions.
Li He, Howard Zhang, Lijun (Annie) Yan, Mo Zhou., Bonnie Y. Chan, Peter Cheng and Stephanie Fung from Davis Polk & Wardwell LLP, Hong Kong Office acted as the legal advisors for Tongcheng-Elong Holdings Limited.