Secoo jumps after equity-investment deal with PE firms

Secoo Holding

19/08/2022 15:19

** U.S-listed shares of Chinese luxury retailer Secoo
Holding Ltd  SECO.O  jump 16% to ~27 cents in early trading 
    ** Co enters into an agreement for about $4 mln in equity
investment from private equity firms Beijing HCYK Corp and
Timing Capital Ltd  urn:newsml:reuters.com:*:nGNXb2xfD9
    ** The infusion will help the co implement its growth
initiatives - CEO Richard Rixue Li
    ** SECO down 48% YTD

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.mathews@thomsonreuters.com))