Uxin (UXIN) has released an update.
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Uxin Limited, a leading used car retailer in China, has announced a share subscription agreement with Lightwind Global Limited, a subsidiary of Dida Inc. This agreement involves the issuance and sale of over 1.5 billion Class A ordinary shares for $7.5 million, highlighting Uxin’s strategic move to strengthen its market presence. The transaction underscores Uxin’s commitment to advancing its digital and retail capabilities in the used car industry.
For further insights into UXIN stock, check out TipRanks’ Stock Analysis page.
