188bet online live casino (NYSE:EHIC) announced today，The Financial Services Division of the Grand Court of the Cayman Islands (GCotCI) issued a final ruling today，Stated that Ctrip Investment Holdings Ltd’s previous accusations against 188bet online live casino in the indictment were not established。

The lawsuit between the two parties originated from the privatization of 188bet online live casino。April 6, 2018，188bet online live casino announces a merger agreement with Teamsport Parent，The latter will be sold at 6 per ordinary share. cash (i.e. 13 ADS per share.USD 50) Acquisition of 188bet online live casino。Teamsport Parent is led by Zhang Ruiping, chairman and CEO of the company，Other members include Baring Asia and Amboka, etc.。

But April 13, 2018，After the transaction was approved by the 188bet online live casino Board of Directors，Ctrip files petition and injunctive relief to the Grand Court of the Cayman Islands，Requesting the special committee under the board of directors of 188bet online live casino to evaluate the preliminary non-binding offer made by private equity firm Ocean Link on April 2。The latter introduced Ctrip as a partner，Joint bid for 188bet online live casino，Quote is ADS 14 per share.USD 50。

Ctrip thinks，188bet online live casino chooses to reach a merger and acquisition agreement with Teamsport Parent，The motives are inappropriate。But the Grand Court of the Cayman Islands held that，There is no basis for Ctrip’s statement。After the court made this ruling，Ctrip Alliance increased its bid for 188bet online live casino。

To this，The special committee of 188bet online live casino said today: "The special committee composed of independent directors has evaluated the previous offer of the Ctrip Alliance，New quotes will also be evaluated in the future。But，After the court just made the final ruling，Ctrip Alliance will increase the quotation immediately，His true motives will inevitably raise questions。”

188bet online live casino issued a statement on April 16 this year，The sale to Teamsport Parent is in the best interests of the company and shareholders。188bet online live casino scale，On the recommendation of the Company’s Special Independent Committee，After careful consideration by the company’s board of directors，Decided to sign the merger agreement with Teamsport Parent。This transaction is in the best interests of the company and shareholders，Compared to other takeover offers，is the only feasible solution。

*Source of this article: Sina Technology，Author: Li Ming，Original title: "Ctrip Alliance raises 188bet online live casino bidding price，True motives questioned》.