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Stock impact report

Uxin Announces Entry into Share Subscription Agreements with NIO Capital and Prestige Shine Group Limited [Yahoo! Finance]

Uxin Limited - American Depositary Shares (UXIN) 
Last uxin limited - american depositary shares earnings: 3/14 12:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
the Company has entered into definitive share subscription agreements with affiliates of NIO Capital and Prestige Shine Group Limited (collectively, the "Investors"). Under the definitive agreements, the Company has agreed to issue and sell, and the Investors have agreed to purchase, an aggregate of 5,246,589,717 Class A ordinary shares of the Company at a purchase price of US$0.00953 per Class A ordinary share (equivalent to US$2.859 per American depositary share), for an aggregate consideration of US$50 million. Of such amount, affiliates of NIO Capital have agreed to invest US$20 million and Prestige Shine Group Limited have agreed to invest US$30 million. The consummation of the transactions is subject to customary closing conditions. Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, "We are delighted to receive continued support from the Investors. Their follow-on investment underscores our long-term investors' strong recognition and confidence in Show less Read more
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