Kaixin Auto Holdings (KXIN) has released an update.
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Kaixin Auto Holdings successfully passed all resolutions during its extraordinary general meeting, one of which includes a Share Consolidation to comply with Nasdaq’s minimum share price rule. This consolidation will not alter shareholder’s percentage ownership significantly, and the implementation and effects will be automatically updated in shareholders’ electronic brokerage accounts. Kaixin, a leader in China’s new energy vehicle market, is poised to strengthen its competitive international position while promoting sustainability initiatives.
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