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Stock impact report

Uxin Announces Entry into Definitive Agreements for Financing

Uxin Limited - American Depositary Shares (UXIN) 
Last uxin limited - american depositary shares earnings: 3/14 12:30 am Check Earnings Report
Company Research Source: PR Newswire
BEIJING, March 5, 2025 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced that, it entered into certain definitive agreements with Fame Dragon Global Limited (the "Investor"), an investment vehicle of NIO Capital, pursuant to which the Investor agreed to purchase 5,738,268,233 Class A Ordinary Shares of the Company for a total consideration of US$27,876,506. The closings of the subscription are subject to customary closing conditions. The parties entered into the definitive agreements following the Investor's acquisition and assumption of NC Fund's rights and obligations under the previously announced binding term sheet entered into on March 18, 2024 among NC Fund, Xin Gao Group Limited and the Company.About UxinUxin is China's leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as Show less Read more
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