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

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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...

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by FTB News Desk

China Rapid Finance Announces Review of Strategic Alternatives

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...

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