Uxin Announces Entry into a Memorandum of Understanding for a Proposed Investment
Uxin (Nasdaq: UXIN), China's leading used car retailer, has entered into a memorandum of understanding (MOU) with Pintu (Beijing) Information Technology Co., , a subsidiary of Dida Inc. (HKEX: 2559), for a proposed investment of US$7.5 million. The investor intends to subscribe for 1,543,845,204 Class A ordinary shares at a price of US$0.004858 per share (US$1.4575 per ADS). The deal is subject to definitive agreements and closing conditions.
Additionally, the investor has agreed to extend a loan of US$7.5 million to Uxin's wholly-owned subsidiary, Youxin (Anhui) Industrial Investment Co., This strategic move could potentially strengthen Uxin's financial position in the competitive Chinese used car market.
Uxin (Nasdaq: UXIN), il principale rivenditore di auto usate in Cina, ha firmato un memorandum d'intesa (MOU) con Pintu (Beijing) Information Technology Co., una sussidiaria di Dida Inc. (HKEX: 2559), per un progetto di investimento di 7,5 milioni di dollari. L'investitore intende sottoscrivere 1.543.845.204 azioni ordinarie di Classe A a un prezzo di 0,004858 dollari per azione (1,4575 dollari per ADS). Il contratto è soggetto ad accordi definitivi e condizioni di chiusura.
Inoltre, l'investitore ha concordato di estendere un prestito di 7,5 milioni di dollari a Youxin (Anhui) Industrial Investment Co., interamente controllata da Uxin. Questa mossa strategica potrebbe potenzialmente rafforzare la posizione finanziaria di Uxin nel competitivo mercato cinese delle auto usate.
Uxin (Nasdaq: UXIN), el principal minorista de autos usados en China, ha firmado un memorando de entendimiento (MOU) con Pintu (Beijing) Information Technology Co., una subsidiaria de Dida Inc. (HKEX: 2559), para una inversión propuesta de 7,5 millones de dólares. El inversor tiene la intención de suscribir 1.543.845.204 acciones ordinarias de Clase A a un precio de 0,004858 dólares por acción (1,4575 dólares por ADS). El acuerdo está sujeto a acuerdos definitivos y condiciones de cierre.
Además, el inversor ha acordado extender un préstamo de 7,5 millones de dólares a la subsidiaria de propiedad total de Uxin, Youxin (Anhui) Industrial Investment Co. Este movimiento estratégico podría potencialmente fortalecer la posición financiera de Uxin en el competitivo mercado chino de autos usados.
Uxin (Nasdaq: UXIN)은 중국의 주요 중고차 소매업체로, Dida Inc. (HKEX: 2559)의 자회사인 Pintu (Beijing) Information Technology Co.와 양해각서 (MOU)를 체결하며 7.5백만 달러의 투자를 제안했습니다. 투자자는 1,543,845,204주 A급 보통주를 주당 0.004858달러(ADS당 1.4575달러)의 가격으로 인수할 예정입니다. 이 거래는 최종 계약 및 종료 조건에 따라 달라집니다.
추가로, 투자자는 Uxin의 전액 소유 자회사인 Youxin (Anhui) Industrial Investment Co.에 7.5백만 달러의 대출을 연장하기로 동의했습니다. 이 전략적 움직임은 경쟁이 치열한 중국 중고차 시장에서 Uxin의 재무 상태를 강화할 수 있는 잠재력을 지닙니다.
Uxin (Nasdaq: UXIN), le principal détaillant de voitures d'occasion en Chine, a signé un mémorandum d'accord (MOU) avec Pintu (Beijing) Information Technology Co., une filiale de Dida Inc. (HKEX: 2559), pour un investissement proposé de 7,5 millions de dollars. L'investisseur a l'intention de souscrire 1.543.845.204 actions ordinaires de classe A à un prix de 0,004858 $ par action (1,4575 $ par ADS). L'accord est soumis à des conventions définitives et des conditions de clôture.
De plus, l'investisseur a accepté d'accorder un prêt de 7,5 millions de dollars à Youxin (Anhui) Industrial Investment Co., une filiale à 100 % d'Uxin. Ce mouvement stratégique pourrait potentiellement renforcer la position financière d'Uxin sur le marché concurrentiel des voitures d'occasion en Chine.
Uxin (Nasdaq: UXIN), Chinas führender Händler für Gebrauchtwagen, hat ein Memorandum of Understanding (MOU) mit Pintu (Beijing) Information Technology Co., einer Tochtergesellschaft von Dida Inc. (HKEX: 2559), über eine vorgeschlagene Investition von 7,5 Millionen US-Dollar unterzeichnet. Der Investor plant, 1.543.845.204 Stammaktien der Klasse A zu einem Preis von 0,004858 US-Dollar pro Aktie (1,4575 US-Dollar pro ADS) zu abonnieren. Der Deal unterliegt endgültigen Vereinbarungen und Abschlussbedingungen.
Darüber hinaus hat der Investor zugestimmt, ein Darlehen in Höhe von 7,5 Millionen US-Dollar an Uxins hundertprozentige Tochtergesellschaft, Youxin (Anhui) Industrial Investment Co., zu gewähren. Dieser strategische Schritt könnte Uxins finanzielle Position im wettbewerbsintensiven chinesischen Gebrauchtwagenmarkt potenziell stärken.
- Potential influx of US$7.5 million in capital through share subscription
- Additional US$7.5 million loan agreement with investor
- Strategic partnership with a subsidiary of Dida Inc., a Hong Kong-listed company
- Significant share dilution with issuance of 1,543,845,204 new Class A ordinary shares
- Low share subscription price of US$0.004858 per share
Insights
This US$7.5 million investment in Uxin, China's leading used car retailer, could provide a much-needed capital injection. However, the significant share dilution at
The simultaneous
This investment by Dida Inc., a major player in China's shared mobility sector, into Uxin, a leading used car retailer, hints at potential synergies in the evolving Chinese automotive market. The deal could signify a strategic move towards integrating ride-sharing and used car sales platforms, potentially reshaping consumer behavior in urban mobility.
However, the modest investment size of
Pursuant to the MOU, the Investor intends to subscribe for 1,543,845,204 Class A ordinary shares of the Company for an aggregate subscription amount of
In connection with the Proposed Investment, the Investor and the Youxin (
About Uxin
Uxin is
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Uxin Limited Investor Relations
Uxin Limited
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Email: ir@xin.com
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Mr. Jack Wang
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Email: Jack@blueshirtgroup.com
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SOURCE Uxin Limited
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