PR NEWSWIRE - Mar 3 - Jiayuan.com's Board of Directors has received a preliminary non-binding proposal letter from Vast Profit Holdings Limited that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the Company not already owned by Vast Profit at $3.58 per share. Vast Profit completed its acquisition of 8M ordinary shares of the Company from Aprilsky Ltd. on Mar 2, 2015. Ms. Gong resigned from her position as a director of the Company, effective immediately, and will no longer hold the position of Co-Chairman of the Board. Ms. Gong will continue to serve as a consultant to the Company.
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