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Stock impact report

Cango Inc. Announces NASDAQ Listing of Its Investee

Cango, Inc ADS (CANG)  More Company Research Source: PR Newswire
Last cango, inc ads earnings: 3/23 04:30 pm Check Earnings Report
PDF SHANGHAI, July 31, 2020 /PRNewswire/ -- Cango Inc. ("Cango" or the "Company") (NYSE: CANG), a leading automotive transaction service platform in China, today announced the listing of its investee, Li Auto Inc. ("Li Auto"), on the Nasdaq Global Select Market on July 30, 2020. Li Auto is an innovator in China's new energy vehicle market, and its initial public offering is expected to close on August 3, 2020, subject to customary closing conditions. Upon the closing of the offering, Cango will hold 39,194,413 Class A ordinary shares of Li Auto. The listing is expected to enhance the liquidity of Cango's investment in Li Auto. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, the securities of Li Auto. About Cango, Inc.Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. Founded in 2010 by a group of pioneers in China's auto [Read more]
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