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KXIN - Kaixin initiated legal proceedings against non-controlling shareholders expects decline in Q2 sales
Kaixin Auto Holdings
Kaixin Auto Holdings (NASDAQ:KXIN), a subsidiary of Renren (NYSE:RENN) had initiated legal proceedings against non-controlling shareholders of three of its dealerships due to disputes over operating issues. These three dealerships accounted for a majority of company's revenues in 2019.
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