| Previous Close | 2.2400 |
| Open | 2.2400 |
| Bid | 2.1700 x 1200 |
| Ask | 2.2400 x 3000 |
| Day's Range | 2.1700 - 2.2500 |
| 52 Week Range | 0.4000 - 13.4000 |
| Volume | 353,189 |
| Avg. Volume | 1,320,549 |
| Market Cap | 146.312M |
| Beta (5Y Monthly) | -1.93 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Kaixin Auto Holdings Announces Changes to its Board Members
BEIJING, May 12, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Mr. Joseph Chen has resigned from Kaixin’s board of directors (the “Board”), with effect from May 9, 2021, in order to focus on other business obligations. Mr. Mingjun Lin, Mr. Xiaolei Gu and Mr. Deqiang Chen were appointed by the Board as the directors of the Company, with effect from May 9, 2021. Mr. Mingjun Lin was appointed as the chairman of the Board. Mr. Joseph Chen has served as a director and the chairman of the Board since Kaixin’s establishment. “On behalf of my fellow directors, the Company's management team, and shareholders, I would like to thank Joseph for the significant contributions that he made during his service on Kaixin's Board. We wish him the best in his future endeavours", said Mr. Mingjun Lin, Kaixin’s newly appointed chairman of the Board. About Kaixin Auto Holdings Kaixin Auto Holdings is one of the primary dealership networks in the premium used car segment in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added services. Safe Harbor Statement This announcement may contain forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook for 2021 and quotations from management in this announcement, as well as Kaixin’s strategic and operational plans, contain forward-looking statements. Kaixin may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Kaixin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the social networking site market in China; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with used auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please contact: Kaixin Auto Holdings Investor RelationsEmail: ir@kaixin.com SOURCE: Kaixin Auto Holdings
- GlobeNewswire
Kaixin Auto Holdings announces results of the Extraordinary Shareholders’ Meeting
BEIJING, May 07, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the results of the extraordinary shareholders’ meeting held on May 7, 2021. All agenda items presented at the meeting were approved by the shareholders, namely, (a) as an ordinary resolution that each authorised issued and unissued Ordinary share of a par value of US$0.0001 each be subdivided into 2 shares of a par value of US$0.00005 each, such that immediately following the Share Subdivision, the authorised share capital of the Company will be US$50,000 divided into 1,000,000,000 Ordinary shares of a par value of US$0.00005 each and (b) as a special resolution that the currently effective Second Amended and Restated Memorandum and Articles of Association of the Company be amended and restated by the deletion in their entirety and the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association. About Kaixin Auto Holdings Kaixin Auto Holdings is one of the primary dealership networks in the premium used car segment in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added services. Safe Harbor Statement This announcement may contain forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook for 2021 and quotations from management in this announcement, as well as Kaixin’s strategic and operational plans, contain forward-looking statements. Kaixin may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Kaixin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the social networking site market in China; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with used auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please contact: Kaixin Auto Holdings Investor RelationsEmail: ir@kaixin.com SOURCE: Kaixin Auto Holdings
- GlobeNewswire
Kaixin Auto Holdings announces approval by NASDAQ of Haitaoche acquisition
BEIJING, April 15, 2021 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it received the approval by NASDAQ Stock Market for the acquisition (the “Acquisition”) of 100% of the share capital of Haitaoche Limited pursuant to a share purchase agreement entered into on December 31, 2020. Subject to certain other closing conditions, including the shareholder approval of the amendment to the Company’s article of associations, the Company anticipates the Acquisition to be closed in May, 2021. About Kaixin Auto Holdings Kaixin Auto Holdings is one of the primary dealership networks in the premium used car segment in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added services. Safe Harbor Statement This announcement may contain forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook for 2021 and quotations from management in this announcement, as well as Kaixin’s strategic and operational plans, contain forward-looking statements. Kaixin may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Kaixin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the social networking site market in China; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with used auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please contact: Kaixin Auto Holdings Investor RelationsEmail: ir@kaixin.com SOURCE: Kaixin Auto Holdings
