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Stock impact report

Uxin Announces Entry into Supplemental Agreements with Golden Pacer and Closing of Relevant Transaction

Uxin Limited - American Depositary Shares (UXIN) 
Last uxin limited - american depositary shares earnings: 3/14 12:30 am Check Earnings Report
Company Research Source: GlobeNewswire
BEIJING, April 23, 2020 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading national online used car dealer in China, today announced it entered into supplemental agreements with Golden Pacer, a leading financial technology platform in China, to modify and supplement certain terms and conditions in connection with the divestiture of Uxin's loan facilitation related business. Previously on July 12, 2019 and September 30, 2019, the Company announced that it had entered into a binding term sheet and definitive agreements with Golden Pacer relating to the divestiture, respectively. Due to a series of regulations in relation to loan facilitation, lending and debt collection promulgated by relevant authorities in the fourth quarter of 2019 as well as the outbreak of COVID-19 which started in January 2020, the Company and Golden Pacer have been discussing the implications of these events on the auto financing sector as well as the relevant impacts on the or Show less Read more
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