Uxin Announces Private Placement of Convertible Notes for US$230 Million

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Go back to Uxin Announces Private Placement of Convertible Notes for US$230 Million

58.com (WUBA) Announces Strategic Investment in Uxin (UXIN)

May 29, 2019 6:34 AM EDT

58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that it, together with Warburg Pincus, TPG and certain other investors, entered into definitive agreements with Uxin Limited ("Uxin") (Nasdaq: UXIN), a leading used car e-commerce platform in China, pursuant to which 58.com will purchase convertible notes issued by Uxin for a principal amount of US$100 million (out of a total aggregate amount of US$230 million from all co-investors) through a... More