Uxin (UXIN) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Uxin Limited, a leading used car retailer in China, has announced a memorandum of understanding with Pintu (Beijing) Information Technology Co., Ltd. for a proposed investment of $7.5 million. The agreement involves the subscription of over 1.5 billion Class A ordinary shares at a price of $0.004858 per share. Additionally, a loan agreement has been made with Youxin Anhui, a wholly-owned subsidiary of Uxin, by the investor for the same amount.
For further insights into UXIN stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue