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Uxin Announces Entry into Share Subscription Agreements with NIO Capital and Prestige Shine Group Limited
Prnewswireยท 2025-12-26 11:00
Core Viewpoint - Uxin Limited has entered into definitive share subscription agreements with NIO Capital and Prestige Shine Group Limited, raising a total of US$50 million through the issuance of Class A ordinary shares [1][2]. Group 1: Investment Details - The company will issue 5,246,589,717 Class A ordinary shares at a price of US$0.00953 per share, equivalent to US$2.859 per American depositary share [2]. - NIO Capital will invest US$20 million, while Prestige Shine Group Limited will invest US$30 million as part of the agreement [2]. Group 2: Company Strategy and Future Plans - The proceeds from this financing are expected to support the launch of four to six new superstores in 2026, enhancing the company's financial resilience [3]. - The company aims to continue executing its established strategy, expanding operations, and strengthening its position in China's used car retail market [3]. Group 3: Company Overview - Uxin is recognized as China's leading used car retailer, focusing on industry transformation through advanced production and digital empowerment [4]. - The company offers a one-stop transaction experience with high-quality vehicles and superior after-sales services, leveraging an omni-channel strategy [4]. - Uxin has developed strong management and operational capabilities in the used car sector over more than ten years of operation [4].