UXIN - Uxin Increases Share Count following Extraordinary General Meeting

2024-03-01 06:47:31 ET

DENVER, Colo., Mar. 1, 2024 ( www.247marketnews.com )- Chinese used car retailer, Uxin Limited (NASDAQ: UXIN ), stated that the proposed resolution it submitted for shareholders’ approval, per the January 30, 2024 notice, were approved and adopted at the meeting held in Beijing, China today.

As a result, the authorized share capital of the Company will be increased by the creation of an additional 190,000,000,000 new Class A Ordinary Shares.

Uxin is trading at $2.54, up $0.09 (+3.67%), on trading volume of 21,216 shares.

Today’s range is $2.3936 to $2.6296 and its 52-week range is $1.915 to $30.30.

Uxin’s about section states, “Uxin is China’s leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline inspection and reconditioning centers. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of the used car industry.”

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