China Rapid Finance Announces Review of Strategic Alternatives
CHINA RAPID FINANCE LTD (XRF)
Last china rapid finance ltd earnings: 11/20 07:21 pm
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chinarapidfinance.investorroom.com
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Source: PR Newswire
SHANGHAI, May 28, 2019 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Company or other transaction involving the Company or its assets. XRF is engaged in formal discussions with several parties that have expressed interest in a potential transaction.The Company cautions that there can be no assurance that any transaction will be approved or consummated. The Company does not intend to disclose developments relating to its strategic review unless and until the Board of Directors has approved a specific agreement or transaction or has terminated its review of strategic alternatives.Zane Wang, Founder and Co-Chief Executive Officer said, "The current regulatory environment for P2P lending platforms is creating substantial challenges, both for XRF and the industry as a whole. Many ind
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