Brief: Qudian, Secoo Announce Investment And Strategic Partnership

Secoo Holding

03/06/2020 12:06

June 3 (Reuters) - Qudian Inc  QD.N :
    * QUDIAN AND SECOO ANNOUNCE INVESTMENT AND STRATEGIC
PARTNERSHIP
    * QUDIAN INC - QUDIAN HAS AGREED TO PURCHASE A TOTAL OF UP
TO 10.2
MILLION NEWLY ISSUED CLASS A ORDINARY SHARES OF SECOO
    * QUDIAN INC - DEAL FOR AGGREGATE PURCHASE PRICE OF UP TO
US$100
MILLION REFLECTING A PER SHARE PURCHASE PRICE OF US$9.80
    * QUDIAN INC -  FOLLOWING DEAL COMPLETION, CO WILL HOLD
ABOUT
28.9% OF SECOO'S SHARES, BECOMING ITS LARGEST SHAREHOLDER
    * QUDIAN INC - CO, SECOO WILL ALSO ENTER INTO A BUSINESS
COOPERATION AGREEMENT

Source text for Eikon:  ID:nPn4398Lca 
Further company coverage:  QD.N 

 ((Reuters.Briefs@thomsonreuters.com;))