7 Days Group Sets Up Committee for Going Private Proposal

7 Days Group Holdings, an economy hotel chain based in China, has set up a special committee of its board of directors to evaluate a going private proposal. The proposal is from a consortium of investors comprised of the company's co-founders and co-chairmen of its board of directors, Mr. Boquan He and Mr. Nanyan Zheng, and their respective affiliates, Sequoia Capital China and affiliates of the Carlyle Group.

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