(Yicai Global) Feb. 26 -- Jumei International Holding, an online retailer of Chinese beauty products, will be delisted from the New York Stock Exchange in the second quarter of this year at a discounted price from the previous attempt four years ago.

Jumei's stock price [NYSE: JMEI] climbed by 26 percent to USD19.52 yesterday, close to the tender price of USD20 per American depositary share, equaling USD2 for each common share. Its market cap was USD231 million. 

Based on the current stock price, Chen Ou, Jumei's founder and chief executive as well as the owner of its parent Super ROI Global Holding, needs to pay USD130 million in the deal. The CEO will borrow money and use equity financing to cover the cost, according to his earlier filing. Chen already holds nearly 45 percent of the platform's stock and almost 89 percent of its voting rights.

Jumei's share price has dropped more than 90 percent of its value from the initial public offering price in 2014. The all-time high was USD254 apiece in 2015. Chen tried to take the beauty retailer private in 2016 by offering USD7 per ADS with a 1:1 ratio to common shares, which would have been more beneficial to other shareholders.

Editor: Emmi Laine