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home / news releases / ATHM - Autohome announces investment in TTP Car Inc.

ATHM - Autohome announces investment in TTP Car Inc.

Autohome Inc. American Depositary Shares each representing one class A.
Autohome (ATHM) inks agreement with TTP Car Inc., a leading auction platform for used cars in China.Pursuant to the agreement, ATHM will make an investment in TTP through subscription of preferred shares in the capital of TTP for an aggregate purchase price of $168M, which is subject to customary closing conditions.In addition, Autohome has the right to purchase up to $200M in total principal amount of one or more convertible bonds to be issued by TTP upon ATHM's request.Mr. Jun Zou, Chief Financial Officer of Autohome:"Our previous investment in TTP in 2018 has proven highly successful. Autohome in combination with TTP has become the largest online used car platform in China by total number of leads generated in 2019, according to iResearch".

For further details see:

Autohome announces investment in TTP Car Inc.
Stock Information
Company Name: Autohome Inc. American Depositary Shares each representing one class A.
Stock Symbol: ATHM
Market: NYSE
Website: autohome.com.cn
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