Uxin: Rises after agreeing to sell loan facilitation unit
12/07/2019 13:41
** Shares of the Chinese online retailer of used cars
UXIN.O gain ~8% to $2.53 premarket after agreeing to sell a
business unit
** To sell loan facilitation-related business to Golden
Pacer for $100 million in cash and some shares
** To provide inspection and valuation services to Golden
Pacer's used car financing transactions, while Golden Pacer to
offer loan facilitation services to Uxin
** Up to Wednesday's close, Uxin stock down ~51% this year
(Reporting by C Nivedita)
((C.Nivedita@thomsonreuters.com;))
Recent news on Uxin
See all newsBrief: Uxin Ltd Recent Slowdown In China’S New Vehicle Market Has Created Headwinds For China’S Used Car Industry
Brief: Uxin Expects Q1 Total Revenues To Range Between RMB1,050 Million To RMB1,070 Million
Brief: Uxin Announces Strategic Partnership With State-Owned Enterprises In Jiangyin
Brief: Uxin Announces Entry Into Share Subscription Agreements With NIO Capital And Prestige Shine Group
Brief: Uxin Ltd Says Qtrly Total Revenues Were RMB879.3 Million (US$123.5 Million)