X Financial CEO proposes to take company private at $1.005/share

X Financial Chairman and CEO Yue (Justin) Tang announced a preliminary, non-binding proposal to take the company private through his affiliate Mangrove Coast Investment Limited, offering $1.005 per ordinary share, or $6.03 per ADS, for shares he does not own. Completion would delist X Financial's ADSs from the NYSE.

Detected & updated continuously · Source: Nebula