Cango inc. announces closing of prc business disposal and certain changes to board of directors and senior management

Shanghai , may 27, 2025 /prnewswire/ -- cango inc. (nyse: cang) ("cango" or the "company") today announced that it has completed the previously announced disposal of all of its business in the prc (the "prc business"). the company announced on april 3, 2025 that it entered into definitive agreements to sell its prc business to ursalpha digital limited (the "purchaser") for a total consideration of approximately us$351.94 million in cash (the "prc business disposal"), and announced on may 16, 2025 that its shareholders approved the prc business disposal.
CANG Ratings Summary
CANG Quant Ranking