Uxin Limited (UXIN) has released an update.
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Uxin Limited, a leading used car retailer in China, has announced a financing agreement with Xin Gao Group Limited and an automobile-focused investment fund. The deal involves a $34.8 million investment at a price of $0.004858 per share, and the completion is contingent upon definitive agreements and customary closing conditions. Uxin has a long-standing reputation for quality and value, and aims to leverage its online and offline presence to enhance customer experiences and lead the market.
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