Uxin Announces Entry into a Term Sheet for Financing
Uxin Limited - American Depositary Shares (UXIN)
Last uxin limited - american depositary shares earnings: 3/14 12:30 am
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Source: PR Newswire
BEIJING, March 18, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced that it has entered into a term sheet with Xin Gao Group Limited ("Xin Gao") and an investment fund focusing on automobile related industries ("NC Fund," together with Xin Gao, the "Investors") on March 18, 2024 with respect to financing by the Company from the Investors. Xin Gao is an existing shareholder of the Company. Xin Gao is controlled by Mr. Kun Dai, the chairman of the Company's Board of Directors and the Company's chief executive officer.The term sheet constitutes a commitment by Company and the Investors to negotiate in good faith to enter into definitive agreements for the financing from the Investors in an aggregate amount of approximately US$34.8 million at a subscription price of US$0.004858 per share (equivalent to US$1.4574 per ADS). The proposed transaction is subject to the parties' execution of definitive agreements and
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UXIN
News
- Uxin Reports Unaudited Third Quarter of Fiscal Year 2024 Financial ResultsPR Newswire
- Uxin Q3 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- Uxin to Report Third Quarter Fiscal Year 2024 Financial Results on April 25, 2024 [Yahoo! Finance]Yahoo! Finance
- Uxin to Report Third Quarter Fiscal Year 2024 Financial Results on April 25, 2024PR Newswire
- Uxin Announces Entry into a Term Sheet for Financing [Yahoo! Finance]Yahoo! Finance
UXIN
Sec Filings
- 4/25/24 - Form 6-K
- 3/28/24 - Form SC
- 3/28/24 - Form SC
- UXIN's page on the SEC website