Kaixin auto holdings announces share consolidation

Beijing, sept. 14, 2023 (globe newswire) -- kaixin auto holdings (“kaixin” or the “company”) (nasdaq: kxin) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-15, effective as of 5:00 p.m. eastern time on september 14, 2023 (the “share consolidation”). the company's ordinary shares are expected to begin trading on a post-consolidation basis at the opening of trading on september 15, 2023. upon the market opening on september 15, 2023, the company's ordinary shares will continue to be traded on the nasdaq capital market under the symbol “kxin” with the new cusip number g5223x142.
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