Li Guoqing & Peggy Yu (李国庆 & 俞渝 ), using minority shareholder squeeze-out tactics, acted as both buyer and seller of E-Commerce Dangdang Inc.
李国庆 & 俞渝 一边代表公司管理层，一边代表买家。通过管理层任命的特别委员会的批准， 自己定价把公司卖给自己。
The buyer initially proposed the buyout merger on July 9, 2015, and completed the Merger on September 20, 2016.
The merger squeezed out minority shareholders that collectively owned >60% of the company at a price $6.7 per ADS.
- 42% less than $9.55, 30-days trading average prior to management buyout process.
- 55% less than $10.5, 52-weeks trading average prior to management buyout process.
- 58% less than its IPO price of $16 in 2010.
Li Guoqing & Peggy Yu (李国庆 & 俞渝), 36% owner of the company before its privatization, effectively created a single buyer market by publicly stating they are unwilling to sell own shares to any third party with their super voting power.
李国庆 & 俞渝 把纽交所上市公司以管理层兼买家的身份，利用自己设定的超级投票权和可怜的价格，把公司从拥有公司大多数股权的公共股东股票强行买走。