Uxin Announced An Equity Investment Agreement With Hefei Construction Investment North City Industrial Investment To Invest Up To RMB1.5B In Uxin's Hefei Subsidiary, Youxin (Hefei) Automobile Intelligent Remanufacturing, Over The Next Decade
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Uxin has announced an equity investment agreement with Hefei Construction Investment North City Industrial Investment. The agreement involves an investment of up to RMB1.5B in Uxin's Hefei subsidiary, Youxin (Hefei) Automobile Intelligent Remanufacturing, over the next decade. This investment will support the operation and development of Uxin’s used car super store in Changfeng County, Hefei City. Post-investment, Hefei Construction Investment's equity ownership in Uxin Hefei will not exceed 50%, and Uxin retains the right to repurchase such equity stake. This investment will not dilute Uxin Limited’s shares listed on NASDAQ.
September 20, 2023 | 11:12 am
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Uxin's equity investment agreement with Hefei Construction Investment is expected to bolster the operations of its used car super store in Hefei. The deal will not dilute Uxin's NASDAQ-listed shares.
The investment from Hefei Construction Investment will provide Uxin with additional capital to support the operation and development of its used car super store in Hefei. This could potentially increase Uxin's revenue and profitability in the long run. Furthermore, the fact that the investment will not dilute Uxin's NASDAQ-listed shares is a positive sign for current shareholders, as their ownership stake will not be reduced.
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