DJ Uxin Sells Its Car Salvaging Business for RMB330M >UXIN
By Chris Wack
Uxin Limited (UXIN) said Thursday it is selling its salvage car-related business to Beijing Hengtai Boche Auction Co. Ltd. for 330 million Chinese yuan ($48 million) in cash.
The online used car dealer said it agreed not to engage in the salvage car auction business for a period of five years.
The transaction is expected to close in the first half of 2020.
Uxin said the sale will streamline its business operations and allow it to increase focus on its online used car transaction business.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 16, 2020 06:29 ET (11:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ UXIN以330 M>UXIN出售其汽車打撈業務
克里斯·韋克
優信有限公司週四表示,將以3.3億元人民幣(合4,800萬美元)的現金,向北京恆泰博切拍賣有限公司出售與救助車有關的業務。
這位在線二手車經銷商表示,同意在5年內不從事救助汽車拍賣業務。
這項交易預計將於2020年上半年完成。
優信表示,此次出售將簡化其業務運作,並使其能夠更多地關注其在線二手車交易業務。
致函chris.wack@wsj.com chris.wack
(完)道瓊斯通訊社
2020年1月16日06:29(格林尼治時間11:29)
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