Stock Track | Uxin Soars Nearly 9% as Dida Unit Completes 1.54 Billion Share Subscription

Stock Track04-10

Uxin (NASDAQ: UXIN) stock is soaring 8.97% in pre-market trading following news that Lightwind Global, a unit of Dida (HKG:2559), has completed the subscription of over 1.54 billion Class A ordinary shares in the NASDAQ-listed company. This significant investment represents 2.5% of Uxin's enlarged issued share capital, signaling strong confidence in the company's future prospects.

The share subscription, which was executed on Wednesday, stems from an agreement the parties entered into back in September 2024. This move by Dida, a prominent player in the tech industry, suggests a strategic alignment between the two companies and could potentially lead to future collaborations or synergies in their respective markets.

Investors are reacting positively to this development, as evidenced by the sharp increase in Uxin's stock price. The substantial investment not only provides Uxin with additional capital but also validates its business model and growth potential. As the market digests this news, analysts will be closely watching for any further announcements regarding how Uxin plans to utilize this investment to fuel its expansion and strengthen its market position.

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