Brief: Uxin Announces Entry Into Definitive Agreements For Financing Transaction Of $100 Mln In Replacement Of The Previously Announced Binding Term Sheet
30/06/2022 14:21
June 30 (Reuters) - Uxin Ltd UXIN.O :
* UXIN ANNOUNCES ENTRY INTO DEFINITIVE AGREEMENTS FOR
FINANCING
TRANSACTION OF US$100 MILLION IN REPLACEMENT OF THE PREVIOUSLY
ANNOUNCED BINDING TERM SHEET
* UXIN LTD - ENTERED INTO DEFINITIVE AGREEMENTS WITH AN
AFFILIATE
OF AN EXISTING SHAREHOLDER, NIO CAPITAL
* UXIN LTD - PLANS TO USE PROCEEDS FROM FINANCING
TRANSACTION
PRIMARILY TO DEVELOP ITS INSPECTION AND RECONDITIONING PLANT IN
HEFEI
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