Kaixin auto holdings announces preferred financing transaction

Beijing, april 06, 2021 (globe newswire) -- kaixin auto holdings (“kaixin” or the “company”) (nasdaq: kxin) today announced that it has entered into a definitive securities purchase agreement (the “purchase agreement”) with renren inc., a 72% shareholder of the company as of the date of this announcement (the “purchaser”) on march 31, 2021 and completed the closing on the same date.

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