Uxin Announces Transaction with 58.com
Uxin Limited - American Depositary Shares (UXIN)
Last uxin limited - american depositary shares earnings: 3/14 12:30 am
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Source: GlobeNewswire
BEIJING, March 24, 2020 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading national online used car dealer in China, today announced that it entered into definitive agreements with 58.com, China’s largest online classifieds and an existing investor in Uxin, to sell its B2B business. Pursuant to the definitive agreements, the Company will sell its entire B2B online used car auction business and transfer corresponding assets and liabilities to an affiliate of 58.com for a total cash consideration of US$105 million, which may be slightly adjusted subject to the review of the transferred assets following the completion of the transaction. The Company agrees not to engage in or acquire any B2B used car auction business following the completion of the transaction without prior consent from 58.com. The transactions contemplated under the definitive agreements are subject to customary closing conditions, and are currently expected to close by the first half
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UXIN
News
- One Uxin Insider Raised Stake By 24% In Previous Year [Yahoo! Finance]Yahoo! Finance
- Uxin Limited (NASDAQ:UXIN) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Uxin Reports Unaudited Third Quarter of Fiscal Year 2024 Financial ResultsPR Newswire
- Uxin Q3 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- Uxin to Report Third Quarter Fiscal Year 2024 Financial Results on April 25, 2024 [Yahoo! Finance]Yahoo! Finance
UXIN
Sec Filings
- 4/30/24 - Form SC
- 4/25/24 - Form 6-K
- 3/28/24 - Form SC
- UXIN's page on the SEC website