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Jiayin Group Inc. (JFIN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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3.0700-0.1500 (-4.66%)
At close: 4:00PM EDT

3.0800 +0.01 (0.33%)
Before hours: 8:51AM EDT

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Chart Events
Neutralpattern detected
Previous Close3.2200
Bid2.9500 x 1200
Ask3.0800 x 1400
Day's Range2.8600 - 3.2000
52 Week Range1.6000 - 30.0000
Avg. Volume501,190
Market Cap165.857M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateSep 02, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.08
  • GlobeNewswire

    Jiayin Group Inc. Announces Closing of the Acquisition of 35% Equity Interest in Keen Best Investments Limited

    SHANGHAI, China, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced that, further to the press release dated March 13, 2020, Geerong (HK) Limited (“Geerong”, formerly known as Jiayin (HK) Limited), an indirect wholly-owned subsidiary of the Company, has closed the acquisition of 35% equity interest in Keen Best Investment Limited (“Keen Best”) from China Smartpay Group Holdings Limited (“Smartpay”), a Cayman Islands incorporated company, whose shares are listed on GEM of The Stock Exchange of Hong Kong Limited (Stock code: 8325). On March 13, 2020, Geerong and another independent purchaser (“Purchasers”) entered into a share purchase agreement (the “SPA”) with Smartpay, pursuant to which, among others, Geerong agreed, subject to certain conditions, to acquire 35 ordinary shares of Keen Best, representing 35% equity interest in Keen Best, a wholly-owned subsidiary of Smartpay (the “Shares”). Keen Best and its subsidiaries are principally engaged in internet microcredit business in the PRC.The Company is pleased to announce that the conditions precedent under the SPA have been fulfilled and it has closed the acquisition of the Shares on September 29, 2020. The purchase price for the Shares is HK$105,000,000, which has been settled by offsetting against the receivables held by the Company from Smartpay.About Jiayin Group Inc.Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between investors and borrowers, whose needs are underserved by traditional financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers.Safe Harbor / Forward-Looking StatementsThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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. The Company may also make written or oral forward-looking statements in its periodic reports to the 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 the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to the Company’s ability to retain existing investors and borrowers and attract new investors and borrowers in an effective and cost-efficient way, the Company’s ability to increase the investment volume and loan origination of loans volume facilitated through its marketplace, effectiveness of the Company’s credit assessment model and risk management system, PRC laws and regulations relating to the online individual finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Stock Market or other stock exchange, including its ability to cure any non-compliance with the continued listing criteria of the Nasdaq Stock Market. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.For more information, please contact: In China:Jiayin Group Ms. Shelley Bai Email: ir@jiayinfintech.cnorThe Blueshirt Group Ms. Susie Wang Email: susie@blueshirtgroup.comIn the U.S.:Ms. Julia Qian Email: julia@blueshirtgroup.com


    JFIN Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Jiayin Group Inc. and Encourages Investors to Contact the Firm

    NEW YORK, NY / ACCESSWIRE / September 16, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Jiayin Group Inc.

  • GlobeNewswire

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Jiayin Group Inc. - JFIN

    NEW YORK, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN).   Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Jiayin and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On September 2, 2020, Jiayin issued a press release announcing the Company’s unaudited financial and operating results for the second quarter of 2020.  Among other results, Jiayin reported revenue for the quarter of $34.7 million, missing consensus estimates by approximately $9.08 million. On this news, Jiayin’s stock price fell $0.85 per share, or 22.67%, to close at $2.90 per share on September 2, 2020.The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com 888-476-6529 ext. 7980