Uxin Limited (UXIN) Raises $25 Million in Two Private Placements

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Go back to Uxin Limited (UXIN) Raises $25 Million in Two Private Placements

Uxin Raises US$25 Million in Two Private Placements

October 6, 2020 7:00 AM EDT

BEIJING, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Uxin Limited (Uxin or the Company) (Nasdaq: UXIN), a leading national online used car dealer in China, today announced that it has separately entered into definitive agreements with two investors, pursuant to which Uxin will issue and sell an aggregate of 84,692,839 Class A ordinary shares to these investors through private placements for an aggregate purchase price of approximately US$25,000,000 (the Private Placements). The closings of the Private Placements are subject to customary conditions and are expected to occur in October 2020.

In addition, the Company entered into a... More