china rapid finance - FinTecBuzz

China Rapid Finance Announces Completion of Asset Injection with YBT/SOS and Private Placement

May 19, 20204 min

China Rapid Finance Limited (NYSE: XRF) (the “Company“) today announced the closing of the asset injection and private placement transactions on May 15, 2020. Upon closing of the transactions, Yong Bao Two Ltd. (“YBT“), a holding company that controls SOS Information Technology Co., Ltd. (“SOS“) via contractual arrangements now becomes a wholly owned subsidiary of the Company.Fintech News YBT, through its consolidated subsidiaries, is a significant player in the emergency rescue business providing emergency healthcare services, emergency...

by FTB News Desk

Direct Lending

China Rapid Finance Announces Review of Strategic Alternatives

May 29, 20199 min

China Rapid Finance Limited (NYSE: XRF) (the “Company”) today announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Company or other transaction involving the Company or its assets. XRF is engaged in formal discussions with several parties that have expressed interest in a potential transaction. The Company cautions that there can be no assurance that any transaction...