GLOBE NEWSWIRE – BlueCity, a leading online LGBTQ platform, has received a preliminary non-binding proposal letter from Mr. Baoli Ma, founder & CEOof the company to acquire all of the outstanding ordinary shares of the company that are not already beneficially owned by the Buyer Group for a proposed purchase price of US$3.70 per Ordinary Share or US$1.85 per ADS in cash.
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