Uxin Launches Joint Venture With Wuhan Junshan Urban Asset Operation; Shares Rise Nearly 5% Pre-Bell

MT Newswires Live10-16

Uxin (UXIN) said Wednesday that it launched a joint venture with Wuhan Junshan Urban Asset Operation Co., which is indirectly controlled by the Wuhan City Economic & Technological Development Zone.

As part of the agreement, Uxin subsidiary Uxin Industrial Investment Co. will contribute 66.7 million Chinese renminbi ($9.4 million), representing approximately 66.7% of the joint venture's total registered capital, while Wuhan Junshan will contribute 33.3 million Chinese renminbi, accounting for the remaining 33.3%.

Uxin said the companies intend to open a used-car superstore in Wuhan City through the joint venture.

Shares of Uxin were up 4.7% in recent premarket activity.

Price: 5.33, Change: +0.17, Percent Change: +3.29

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/2475996532?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-16 20:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2475996532","market":"sg","top_or_hot":-1,"title":"Uxin Launches Joint Venture With Wuhan Junshan Urban Asset Operation; Shares Rise Nearly 5% Pre-Bell","media":"MT Newswires Live","content":"<html><body><p> Uxin (UXIN) said Wednesday that it launched a joint venture with Wuhan Junshan Urban Asset Operation Co., which is indirectly controlled by the Wuhan City Economic &amp; Technological Development Zone.</p><p>As part of the agreement, Uxin subsidiary Uxin Industrial Investment Co. will contribute 66.7 million Chinese renminbi ($9.4 million), representing approximately 66.7% of the joint venture's total registered capital, while Wuhan Junshan will contribute 33.3 million Chinese renminbi, accounting for the remaining 33.3%.</p><p>Uxin said the companies intend to open a used-car superstore in Wuhan City through the joint venture.</p><p>Shares of Uxin were up 4.7% in recent premarket activity.</p><p>Price: 5.33, Change: +0.17, Percent Change: +3.29</p></body></html>","source":"mtnewswires_news","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 Launches Joint Venture With Wuhan Junshan Urban Asset Operation; Shares Rise Nearly 5% Pre-Bell</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 Launches Joint Venture With Wuhan Junshan Urban Asset Operation; Shares Rise Nearly 5% Pre-Bell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-16 20:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uxin (UXIN) said Wednesday that it launched a joint venture with Wuhan Junshan Urban Asset Operation Co., which is indirectly controlled by the Wuhan City Economic & Technological Development Zone.As ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">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":"JYNT","symbol_name":"The Joint Corp.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2475996532","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475996532","pubTimestamp":1729082774,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Uxin  said Wednesday that it launched a joint venture with Wuhan Junshan Urban Asset Operation Co., which is indirectly controlled by the Wuhan City Economic & Technological Development Zone.As part of the agreement, Uxin subsidiary Uxin Industrial Investment Co. will contribute 66.7 million Chinese renminbi , representing approximately 66.7% of the joint venture's total registered capital, while Wuhan Junshan will contribute 33.3 million Chinese renminbi, accounting for the remaining 33.3%.Uxin said the companies intend to open a used-car superstore in Wuhan City through the joint venture.Shares of Uxin were up 4.7% in recent premarket activity.Price: 5.33, Change: +0.17, Percent Change: +3.29","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JYNT":"The Joint Corp.","BK4122":"互联网与直销零售","BK4563":"昨日强势股","BK4505":"高瓴资本持仓","BK4185":"保健护理机构","BK4214":"汽车零售","UXIN":"优信"},"translate_title":"优信与武汉君山城市资产运营成立合资公司；盘前股价上涨近5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JYNT":1,"UXIN":1},"content_text":"Uxin (UXIN) said Wednesday that it launched a joint venture with Wuhan Junshan Urban Asset Operation Co., which is indirectly controlled by the Wuhan City Economic & Technological Development Zone.As part of the agreement, Uxin subsidiary Uxin Industrial Investment Co. will contribute 66.7 million Chinese renminbi ($9.4 million), representing approximately 66.7% of the joint venture's total registered capital, while Wuhan Junshan will contribute 33.3 million Chinese renminbi, accounting for the remaining 33.3%.Uxin said the companies intend to open a used-car superstore in Wuhan City through the joint venture.Shares of Uxin were up 4.7% in recent premarket activity.Price: 5.33, Change: +0.17, Percent Change: +3.29","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":"4.29.1","shortVersion":"4.29.1","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/2475996532"}