Press Release: Uxin Announces Entry into Definitive Agreements with Boche
Uxin Announces Entry into Definitive Agreements with Boche
BEIJING, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), a leading national online used car dealer in China, today announced that it entered into definitive agreements with Beijing Hengtai Boche Auction Co. Ltd. ("Boche") to divest its salvage car related business operated under the brand "Fairlubo". Pursuant to the definitive agreements, the Company will divest its salvage car auction business to Boche in exchange for an aggregate amount of RMB330 million in cash. The Company agrees not to engage in the salvage car auction business for a period of five years. The transactions contemplated under the definitive agreements are subject to certain closing conditions, and are currently expected to close in the first half of 2020.
Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, said, "We are very happy to enter into the transaction with Boche. Fairlubo and Boche are two leading salvage car auction platforms in China, and the consolidation of their businesses will solidify their market leadership and help enhance the development of China's overall salvage car sector. This divestiture will further streamline our business operations and allow us to further increase our focus on our 2C online used car transaction business. As the first mover in China to enable consumers to purchase used cars online, we have accumulated deep experience and knowhow throughout the entire service value chain. Going forward, enhancing customer service quality will continue to be our top priority. We are confident we will become consumers' top destination for online used car purchases in China and we believe our focus on improving customer experience will eventually set us apart in the market."
About Uxin
Uxin Limited (Nasdaq: UXIN) is a leading national online used car dealer in China. Uxin's mission is to enable people to buy the car of their choice, no matter where they are located or what their budget is. Uxin enables consumers to buy used cars through an innovative integrated online platform and offline service and fulfilment networks, which address each step of the transaction and cover the entire value chain. Its online presence is bolstered by an offline network of more than 1,500 service centers in over 230 prefecture-level cities throughout China.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Uxin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor enquiries, please contact:
Nancy Song
Uxin Investor Relations
Tel: +86 10 5691-6765
Email: ir@xin.com
(END) Dow Jones Newswires
January 16, 2020 06:00 ET (11:00 GMT)
*DJ Uxin Agrees With Boche to Divest Its Salvage Car Related Business Operated Under the Brand 'Fairlubo' >UXIN
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
January 16, 2020 06:01 ET (11:01 GMT)
*DJ Uxin to Divest Salvage Car Auction Business to Boche in Exchange for RMB330M in Cash >UXIN
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
January 16, 2020 06:02 ET (11:02 GMT)
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新聞稿:優信宣佈與波切達成最終協議
UXIN宣佈與Boche簽訂最終協議
北京,2020年1月16日(環球通訊社)--中國領先的全國二手車經銷商優信有限公司(納斯達克市場代碼:UXIN)今天宣佈,它與北京恆泰博切拍賣有限公司達成了最終協議。(“boche”)剝離其在“Fairlubo”品牌下經營的與救助車有關的業務。根據最終協議,該公司將將其救助汽車拍賣業務剝離給博奇,以換取總計3.3億元人民幣的現金。本公司同意在五年內不從事打撈車拍賣業務。最後協議所設想的交易須符合某些結束條件,目前預計將於2020年上半年結束。
Uxin的創始人、董事長兼首席執行官Kun DAI先生説:“我們非常高興與博氏達成交易。Fairlubo和Boche是中國兩個領先的打撈車拍賣平台,合併後的業務將鞏固他們的市場領導地位,有助於促進中國整體打撈車行業的發展。這一剝離將進一步簡化我們的業務運作,並使我們能夠進一步增加對我們的2C在線二手車交易業務的關注。作為中國消費者在線購買二手車的先行者,我們在整個服務價值鏈中積累了豐富的經驗和技術。展望未來,提高客户服務質量將繼續是我們的重中之重。我們相信,我們將成為消費者在中國購買二手車的首選目的地。我們相信,我們專注於改善客户體驗,最終將使我們在市場上脱穎而出。“
關於優信
優信有限公司(納斯達克市場代碼:UXIN)是中國領先的全國在線二手車經銷商。優信的使命是讓人們能夠購買他們自己選擇的汽車,不管他們在哪裏,也不管他們的預算是多少。UXIN使消費者能夠通過創新的綜合在線平台和離線服務和實現網絡購買二手車,該平台涉及交易的每一個步驟,涵蓋整個價值鏈。它的在線業務得到了中國230多個地級城市1500多個服務中心的支持。
安全港聲明
此公告包含前瞻性聲明.這些聲明是根據1995年“美國私人證券訴訟改革法”的“安全港”規定作出的。這些前瞻性的陳述可以用諸如“威爾”、“預期”、“預期”、“未來”、“打算”、“計劃”、“相信”、“估計”等術語來識別。優信還可在其提交證券交易委員會的定期報告、提交股東的年度報告、新聞稿和其他書面材料以及其高級、董事或僱員向第三方所作的口頭陳述中作出書面或口頭前瞻性陳述。那些非歷史事實的陳述,包括關於優信的信念和期望的陳述,都是前瞻性的陳述。前瞻性陳述涉及固有的風險和不確定性。許多因素可能導致實際結果與任何前瞻性聲明中的結果大相徑庭。有關這些風險和其他風險的進一步信息包括在優信提交給證券交易委員會的文件中。本新聞稿和附件中提供的所有信息均為本新聞稿之日,除適用法律規定的情況外,優信不承擔任何更新任何前瞻性聲明的義務。
如有查詢,請聯絡:
宋南茜
優信投資者關係
電話:+86 10 5691-6765
電子郵件:ir@xin.com
(完)道瓊斯通訊社
2020年1月16日東部時間06:00(格林尼治時間11:00)
*DJ UXIN同意Boche剝離其在“Fairlubo‘>Uxin”品牌下經營的與救助車有關的業務.
道瓊斯通訊社(212-416-2800)
2020年1月16日06:01(格林尼治時間11:01)
*DJ UXIN將把打撈車拍賣業務出售給Boche,以換取人民幣330元的現金>UXIN。
道瓊斯通訊社(212-416-2800)
(格林尼治時間11:02)
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