Uxin drops 6%, enters ~$35M financing agreement with investor Xin Gao Group

seekingalpha03-18

Uxin (NASDAQ:UXIN) entered into a term sheet with Xin Gao Group and an investment fund focusing on automobile related industries with respect to financing by the company from the Investors. Xin Gao ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2420421323?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-18 18:53","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2420421323","market":"nz","top_or_hot":-1,"title":"Uxin drops 6%, enters ~$35M financing agreement with investor Xin Gao Group","media":"seekingalpha","content":"<div>\n<p>Uxin (NASDAQ:UXIN) entered into a term sheet with Xin Gao Group and an investment fund focusing on automobile related industries with respect to financing by the company from the Investors.  Xin Gao ...</p>\n\n<a href=\"https://seekingalpha.com/news/4080358-uxin-drops-6-enters-35m-financing-agreement-with-investor-xin-gao-group\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uxin drops 6%, enters ~$35M financing agreement with investor Xin Gao Group</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUxin drops 6%, enters ~$35M financing agreement with investor Xin Gao Group\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-18 18:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4080358-uxin-drops-6-enters-35m-financing-agreement-with-investor-xin-gao-group><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uxin (NASDAQ:UXIN) entered into a term sheet with Xin Gao Group and an investment fund focusing on automobile related industries with respect to financing by the company from the Investors.  Xin Gao ...</p>\n\n<a href=\"https://seekingalpha.com/news/4080358-uxin-drops-6-enters-35m-financing-agreement-with-investor-xin-gao-group\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4563","symbol_name":"昨日强势股","start_time":0,"source_url":"https://seekingalpha.com/news/4080358-uxin-drops-6-enters-35m-financing-agreement-with-investor-xin-gao-group","article_id":"2420421323","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420421323","pubTimestamp":1710759221,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Uxin  entered into a term sheet with Xin Gao Group and an investment fund focusing on automobile related industries with respect to financing by the company from the Investors.  Xin Gao is an existing shareholder of the company, controlled by Mr. Kun Dai, the chairman of the company's Board of Directors and the company's CEO.  This financing is for an aggregate amount of ~$34.8M at a subscription price of $0.004858 per share . The stick price dropped 6% on Monday during pre-market hours of trading.   More on Uxin  Seeking Alpha’s Quant Rating on Uxin Historical earnings data for Uxin Financial information for Uxin","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4563":"昨日强势股","BK4214":"汽车零售","BK4505":"高瓴资本持仓","UXIN":"优信","BK4122":"互联网与直销零售"},"translate_title":"Uxin下跌6%，与投资者高新集团达成约3500万美元的融资协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UXIN":1},"content_text":"Uxin (NASDAQ:UXIN) entered into a term sheet with Xin Gao Group and an investment fund focusing on automobile related industries with respect to financing by the company from the Investors.  Xin Gao is an existing shareholder of the company, controlled by Mr. Kun Dai, the chairman of the company's Board of Directors and the company's CEO.  This financing is for an aggregate amount of ~$34.8M at a subscription price of $0.004858 per share (equivalent to $1.4574 per ADS). The stick price dropped 6% on Monday during pre-market hours of trading.   More on Uxin  Seeking Alpha’s Quant Rating on Uxin Historical earnings data for Uxin Financial information for Uxin","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420421323"}