2023-06-27 06:51:32 ET
- Yiren Digital ( NYSE: YRD ) agrees to acquire a 100% equity interest in China-based Chongqing Jintong Financing Guarantee Co., Ltd., a licensed financing guarantee company for a total cash consideration of RMB 204.9 million.
- With the addition, the company will be able to offer financing guarantee services through Chongqing Jintong, which will aid in growing its loan facilitation business in China.
- The closing of the deal is subject to certain conditions and is expected to occur in July 2023.
For further details see:
Yiren Digital to acquire financing services provider Chongqing Jintong for RMB 204.9M