Cloopen receives $2.96 per ADS going-private proposal from CEO and partner

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Go back to Cloopen receives $2.96 per ADS going-private proposal from CEO and partner

Cloopen Announces Receipt of Preliminary Non-Binding "Going Private" Proposal

December 24, 2025 7:00 AM EST

BEIJING, Dec. 24, 2025 /PRNewswire/ -- Cloopen Group Holding Limited (OTC: RAASY) ("Cloopen" or the "Company") today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal"), dated December 22, 2025, from Mr. Changxun Sun, the Company's founder and chief executive officer, and Trustbridge Partners VII, L.P. (collectively, the "Buyer... More