Uxin jumps on $315 mln financing agreement

Uxin

15/06/2021 13:18

** U.S.-listed shares of Chinese used car e-commerce
platform  UXIN.O  rise 13.1% to $5.86 premarket - set for their
highest level in more than two years
    ** UXIN enters agreement to receive up to $315 mln in
financing from NIO Capital and Joy Capital  urn:newsml:reuters.com:*:nGNX5ZbRy2
    ** Co also agrees to convert notes worth $69 mln into class
A ordinary shares
    ** Over ten important investors will agree not to sell their
shares in UXIN in the next nine months, co says
    ** Stock has risen nearly sixfold this year

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))