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13D Filing: Tiger Global Management LLC and Ehi Car Services Ltd (ADR) (EHIC)

Published on February 28, 2018 at 10:26 am by Insider Monkey Staff in Hedge Funds
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Page 8 of 11 – SEC Filing

This Amendment No. 5 (“Amendment No. 5“) amends
the statement on Schedule 13D filed on June 1, 2015 (the “Original Schedule 13D“), Amendment No. 1 to the Original
Schedule 13D filed on July 1, 2015 (“Amendment No. 1“), Amendment No. 2 to the Original Schedule 13D filed on
December 28, 2015 (“Amendment No. 2“), Amendment No. 3 to the Original Schedule 13D filed on January 12, 2018
(“Amendment No. 3“) and Amendment No. 4 to the Original Schedule 13D filed on January 29, 2018 (“Amendment
No. 4,” and together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3 and this Amendment
No. 5, the “Schedule 13D“) related to the Class A Common Shares, par
value $0.001 per share (the “Class A Shares“), of eHi Car Services
Limited (the “Issuer“). Capitalized terms used herein and not otherwise
defined in this Amendment No. 5 have the meanings set forth in the Schedule 13D. This Amendment No. 5 amends Items 4, 6 and
7 as set forth below.

 

Item 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:
On February
23, 2018, Global Mauritius, a Reporting Person, entered into a Securities Purchase Agreement (the “Purchase Agreement“)
with BPEA Teamsport Limited (the “Purchaser“) for the sale of 5,264,080 ADSs, representing 10,528,160 Class A
Shares, to the Purchaser.  The closing of the transaction contemplated by the Purchase Agreement is scheduled to occur on
or prior to May 30, 2018. The initial purchase price is US$12.00 per ADS, subject to adjustment as provided in the Purchase Agreement.
The Purchaser is participating in that certain consortium including Mr. Ray RuiPing Zhang, the Chairman and Chief Executive Officer
of the Issuer, and other potential investors, in connection with the proposed acquisition of the Issuer in a “going-private”
transaction for US$13.35 in cash per ADS, as disclosed in Exhibit 99.1 to the Issuer’s Form 6-K furnished with the United States
Securities and Exchange Commission on January 2, 2018.
The foregoing description of the Purchase Agreement and the transactions contemplated thereby do not purport to be complete and are subject to, and qualified in their entirety by reference to, the full text of the Purchase Agreement, which is attached hereto as Exhibit 99.6, and is incorporated herein by reference.

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