|Bid||0.0000 x 2200|
|Ask||0.0000 x 3000|
|Day's Range||0.9849 - 1.1303|
|52 Week Range||0.4100 - 2.3100|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BEIJING, July 28, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China, today announced that Tianruo Pu has resigned from Kaixin’s board of directors, effective July 27, 2020, in order to focus on other business obligations. Mr. Pu has served as chairman of the Audit Committee and of the Compensation Committee of the Company since Kaixin Auto Group consummated its business combination with CM Seven Star Acquisition Corporation through a share exchange, on April 30, 2019.Upon the departure of Mr. Pu, Mr. Lin Cong will be the only independent director of the Company and the sole member of the Company’s Audit Committee and Compensation Committee."On behalf of my fellow directors, the Company's management team, and shareholders, I'd like to thank Tiaoruo for the significant contributions he made during his service on Kaixin's Board," said Mr. Joseph Chen, chairman of Kaixin. "We wish him the best in his future endeavors."About Kaixin Auto HoldingsKaixin 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 itself from a tech-enabled financing platform into a nationwide dealer network that combines both self-owned and affiliated dealers as well as value-added services.Safe Harbor StatementThis announcement contains 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. 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 HoldingsRandall Xu Tel: +86 (10) 8448-1818 Email: firstname.lastname@example.orgSOURCE: Kaixin Auto Holdings
Kaixin Auto Hldgs Inc (NASDAQ:KXIN) was trading 1.1% higher from the previous closing price. Shareholder Value Fund filed a Form 4 with the SEC on Monday, July 20. The insider bought 5,119,571 shares at $1.32 on Tuesday, Apr 30, and bought 4,213,629 shares at $1.00 on Monday, Jul 06. . After the transactions, the executive's stake in Kaixin Auto Hldgs Inc. movedto 5,119,571 shares.Why Insider Transactions Are Important? While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga * 7 Financial Services Stocks Moving In Wednesday's Pre-Market Session * 13 Financial Services Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BEIJING, July 10, 2020 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
BEIJING, July 07, 2020 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
Kaixin Auto Holdings (“Kaixin” or the “Company”) (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced it has received a notice from Nasdaq on July 02, 2020 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2019, Kaixin is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission (the “Commission”). The Company is required by Nasdaq to submit its plan to regain compliance no later than August 31, 2020.
Kaixin Auto Holdings (“Kaixin” or the “Company”) (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced that it entered into a subscription agreement (the “Subscription Agreement”) on June 10, 2020 with Shareholder Value Fund (the “Subscriber”), which was the sponsor of Kaixin’s predecessor, CM Seven Star Acquisition Corporation. Pursuant to the Subscription Agreement, subject to customary closing conditions, the Company has agreed to issue 4,213,629 ordinary shares of the Company, par value 0.0001 per share, to the Subscriber.
Kaixin Auto Holdings ("Kaixin" or the "Company") (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated on April 21, 2020 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying Kaixin that, as of April 20, 2020, it failed to meet the requirement of maintaining a minimum bid price of $1 per share pursuant to Nasdaq Rule 5550(a)(2). In accordance with Nasdaq Rule 5810(c)(3)(A), the company has a period of 180 calendar days from the date of the Nasdaq Letter to regain compliance. Given the current extraordinary market conditions, Nasdaq has determined to toll the compliance periods for the bid price and market value of publicly held shares requirements through June 30, 2020.
Kaixin Auto Holdings ("Kaixin" or the "Company") (KXIN), one of the primary dealership networks in the premium used car segment in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated April 7, 2020 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”) and the subsequent resolution of the matter described in the Nasdaq Letter on April 13, 2020. The Nasdaq Letter indicated that, as a result of the resignation of Mr. Sing Wang from the Company’s board and audit committee (which the Company announced on April 7, 2020), the Company was not in compliance with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605, but the Company was provided with a cure period consistent with Listing Rule 5605(c)(4).
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
BEIJING, Nov. 26, 2019 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
BEIJING, Nov. 19, 2019 -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the primary dealership networks in the premium used car segment in China,.
Kaixin Auto Holdings (KXIN) (“Kaixin” or the “Company”), a leading premium used car dealership network in China, today announced the appointment of KPMG Huazhen LLP ("KPMG") as the Company's new independent registered public accounting firm, effective November 5, 2019. The appointment of KPMG was made after a careful and thorough evaluation process and has been approved by the Company's audit committee. Renren, Kaixin’s corporate parent, has also appointed KPMG as its independent registered public accounting firm, replacing Deloitte Touche Tohmatsu Certified Public Accountants LLP (“Deloitte”), also effective November 5, 2019.
Kaixin Auto Holdings (KXIN) (“Kaixin” or the “Company”) announced today that it has appointed Ms. Yi “Lucy” Yang as its Chief Financial Officer, effective immediately. Ms. Yang will succeed Mr. Thomas Ren, who will continue to serve as chief financial officer of Renren Inc. (RENN) (“Renren”). Mr. Ji Chen, Chief Executive Officer of Kaixin, said, "On behalf of Kaixin’s Board of Directors and management team, I would like to thank Thomas for his numerous contributions and tireless work at Kaixin.