Brief: Yirendai Announces Business Realignment with CreditEase

Yiren Digital

25/03/2019 10:48

March 25 (Reuters) - Yirendai Ltd  YRD.N :
    * YIRENDAI ANNOUNCES BUSINESS REALIGNMENT WITH CREDITEASE
    * YIRENDAI LTD - DEAL FOR TOTAL CONSIDERATION OF 106,917,947
NEWLY
ISSUED ORDINARY SHARES OF YIRENDAI AND RMB889 MILLION CASH
    * YIRENDAI LTD -  NING TANG, EXECUTIVE CHAIRMAN OF YIRENDAI
WILL
ASSUME CHIEF EXECUTIVE OFFICER ROLE OF YIRENDAI UPON DEAL CLOSE
    * YIRENDAI LTD - YIRENDAI WILL ASSUME CERTAIN BUSINESS
OPERATIONS
FROM CREDITEASE AND AFFILIATES

Source text for Eikon:  ID:nGNX1gSZtC 
Further company coverage:  YRD.N 

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