Uxin Announces Financing Transaction of up to US$315 million
Uxin Limited - American Depositary Shares (UXIN)
Last uxin limited - american depositary shares earnings: 3/14 12:30 am
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Source: GlobeNewswire
BEIJING, June 15, 2021 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading nationwide online used car dealer in China, today announced that it has entered into definitive agreements with NIO Capital and Joy Capital, pursuant to which both investors have agreed to invest a total of up to US$315 million in the Company. Concurrently, the Company has agreed with its convertible notes holders, including 58.com, TPG and Warburg Pincus, to convert their convertible notes in an aggregate principal amount of US$69 million into Class A ordinary shares of the Company. Over ten important investors, including NIO Capital, Joy Capital and the above mentioned convertible notes holders will agree not to sell their shares in the Company in the next nine months. The transaction is subject to customary closing conditions stipulated in the agreements. Mr. William Bin Li, Chairman of NIO Inc. and Managing Partner of NIO Capital, commented, “The used car market has expon
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News
- Uxin Announces Entry into a Term Sheet for Financing [Yahoo! Finance]Yahoo! Finance
- Uxin Announces Entry into a Term Sheet for FinancingPR Newswire
- Uxin Announces Results of Extraordinary General MeetingPR Newswire
- Uxin to Hold an Extraordinary General Meeting on March 1, 2024 [Yahoo! Finance]Yahoo! Finance
- Uxin to Hold an Extraordinary General Meeting on March 1, 2024PR Newswire
UXIN
Sec Filings
- 3/28/24 - Form SC
- 3/28/24 - Form SC
- 3/28/24 - Form SC
- UXIN's page on the SEC website