Cango Inc. Announces Receipt of a Preliminary Non-Binding Letter of Intent and Formation of Special Committee
Cango Inc. Class A Ordinary Shares (CANG)
Last cango inc. class a ordinary shares earnings: 3/23 04:30 pm
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Company Research
Source: PR Newswire
SHANGHAI, March 14, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that its Board of Directors (the "Board") recently received a preliminary non-binding letter of intent (the "Letter of Intent") from Enduring Wealth Capital Limited, a company established in the British Virgin Islands ("EWCL") expressing its non-binding intent to obtain control of the Company through the following proposed transactions: (i) EWCL proposes to acquire 10,000,000 Class B ordinary shares of the Company from the Company's co-founders, Mr. Xiaojun Zhang and Mr. Jiayuan Lin (collectively, the "Founders") at a purchase price in cash to be agreed among the parties, (ii) the Company is proposed to take necessary corporate actions to ensure that the shares to be acquired by EWCL will continue to be entitled to 20 votes per share, (iii) the Founders are proposed to voluntarily convert all of the remaining Class B ordinary shares held by them into Class A ordinary shares with
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CANG
News
- Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI PotentialPR Newswire
- Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI PotentialPR Newswire
- Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI PotentialPR Newswire
- Cango (NYSE:CANG) was upgraded by analysts at Greenridge Global to a "strong-buy" rating.MarketBeat
- Cango (NYSE:CANG) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
CANG
Earnings
- 12/1/25 - Beat
CANG
Sec Filings
- 12/22/25 - Form EFFECT
- 12/17/25 - Form F-3
- 12/2/25 - Form 6-K
- CANG's page on the SEC website