Uxin Announces Entry into a Memorandum of Understanding for a Proposed Investment
Uxin Limited - American Depositary Shares (UXIN)
Last uxin limited - american depositary shares earnings: 3/14 12:30 am
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Source: PR Newswire
BEIJING, Sept. 13, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company", together with its subsidiaries, the "Group") (Nasdaq: UXIN), China's leading used car retailer, today announced that it has entered into a memorandum of understanding ("MOU") with Pintu (Beijing) Information Technology Co., Ltd. ( the "Investor"), an indirect wholly-owned subsidiary of Dida Inc. (HKEX: 2559), on September 12, 2024 with respect to a proposed investment in the Company by the Investor (the "Proposed Investment").Pursuant to the MOU, the Investor intends to subscribe for 1,543,845,204 Class A ordinary shares of the Company for an aggregate subscription amount of US$7.5 million, based on a subscription price of US$0.004858 per share (or US$1.4575 per ADS). The Proposed Investment is subject to the parties' execution of definitive agreements and closing conditions to be stipulated therein.In connection with the Proposed Investment, the Investor and the Youxin (Anhui) Industrial Investment Co., Lt
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UXIN
News
- Uxin to Report Second Quarter Fiscal Year 2025 Financial Results on November 25, 2024 [Yahoo! Finance]Yahoo! Finance
- Uxin to Report Second Quarter Fiscal Year 2025 Financial Results on November 25, 2024PR Newswire
- Uxin Announces Strategic Partnership with Wuhan City Economic & Technological Development Zone [Yahoo! Finance]Yahoo! Finance
- Uxin Announces Strategic Partnership with Wuhan City Economic & Technological Development ZonePR Newswire
- Uxin's High-Speed Pursuit Of Profit: Debt-Driven Expansion [Seeking Alpha]Seeking Alpha
UXIN
Sec Filings
- 11/6/24 - Form SC
- 11/4/24 - Form 6-K
- 10/23/24 - Form SC
- UXIN's page on the SEC website