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Stock impact report

Jiayin Group Announces Changes to Collaboration with Consolidated Affiliated Entity That Provides Investor Assurance Program

Jiayin Group Inc. - American Depositary Shares (JFIN) 
Last jiayin group inc. - american depositary shares earnings: 4/1 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
SHANGHAI, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or “the Company”) (NASDAQ: JFIN), a leading online individual finance marketplace in China, today announced that Shanghai Niwodai Internet Finance Information Service Co., Ltd. (“Niwodai Internet,”) a consolidated affiliated entity of the Company, has entered into a set of agreements (the “Agreements”) revising the terms of its collaboration with Shanghai Caiyin Asset Management Co., Ltd. (“Shanghai Caiyin”), a consolidated affiliated entity. Prior to the effectiveness of such Agreements, Shanghai Caiyin provided certain post-origination loan management services and manages the investor assurance program for loans facilitated by the Company prior to April 28, 2018, and will continue to provide these services subsequent to the effectiveness of the Agreements. As a result of such revisions, Shanghai Caiyin will no longer be a consolidated affiliated entity of the Company. On September 16, 2019, Niwodai Internet Show less Read more
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