Fang Holdings Limited (NYSE:SFUN) signed an agreement to acquire an unknown stake in China Index Holdings Limited (NasdaqGS:CIH) from Next Decade Technology Limited and Media Partner Investments Limited on December 24, 2019. Fang agrees to buy and Next Decade Technology Limited and Media Partner Investments Limited agree to sell, within the next 12 months, at a fixed price of $5.99 per share, in an aggregate up to 15 million ordinary shares (mostly Class B) of China Index Holdings Limited beneficially owned by Next Decade Technology Limited and Media Partner Investments in the agreement. According to the agreement, Fang Holdings will have the absolute and sole discretion to determine the number of shares to purchase, the timing of the purchase, and whether a single or a series of transactions. Both Next Decade Technology Limited and Media Partner Investments also agree that Fang Holdings will not seek to gain a controlling voting power in China Index Holdings as a result of the proposed transaction, unless it is approved separately by the audit committee and the Board of Directors of each of Fang and China Index Holdings. The deal has the approval of the audit committee and the Board of Directors of Fang. On December 27, 2019, Fang purchased in aggregate 5 million Class B Ordinary Shares from the sellers, among which, 2.5 million Class B Ordinary Shares from Next Decade and 2.5 million Class B Ordinary Shares from Media Partner. Fang obtained the funds to purchase the Class B Ordinary Shares from its working capital. On June 23, 2020, Fang purchased in aggregate 2.43 million Class A Ordinary Shares and 6.12 million Class B Ordinary Shares from the sellers, among which, 2.43 million Class A Ordinary Shares and 3.06 million Class B Ordinary Shares from Media Partner and 3.06 million Class B Ordinary Shares from Next Decade.

Fang Holdings Limited (NYSE:SFUN) cancelled the acquisition of an unknown stake in China Index Holdings Limited (NasdaqGS:CIH) from Next Decade Technology Limited and Media Partner Investments Limited on December 24, 2020.