|Bid||0.7700 x 1000|
|Ask||0.8390 x 1800|
|Day's Range||0.7609 - 0.8800|
|52 Week Range||0.2210 - 3.0450|
|Beta (3Y Monthly)||1.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.20|
SHANGHAI, July 25, 2019 /PRNewswire/ -- China Rapid Finance Limited (XRF) (the "Company") today announced that it had received a letter from the New York Stock Exchange (the "NYSE") notifying it that the Company was not in compliance with the NYSE's continued listing standards because, as of May 31, 2019, the 30 trading-day average market capitalization of the Company's ADSs representing Class A ordinary shares was below $50 million and, as of September 30, 2018, the Company's stockholders' equity was less than $50 million. This notice does not have an immediate effect on the listing of the Company's ADSs representing Class A ordinary shares.
The new business will operate separately from the Company's existing marketplace lending business. No retail funding will be used for this new business. This new business will leverage the Company's existing borrower base and technology and facilitate a range of products for institutional investors, from short-term to long-term installment loans. The Company's management believes that the Project Company will be the engine of transformation and future growth of the Company.
SHANGHAI, May 28, 2019 /PRNewswire/ -- China Rapid Finance Limited (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 will be approved or consummated. The Company does not intend to disclose developments relating to its strategic review unless and until the Board of Directors has approved a specific agreement or transaction or has terminated its review of strategic alternatives.
SHANGHAI, May 17, 2019 /PRNewswire/ -- China Rapid Finance Limited (XRF) (the "Company") today announced changes in its business operations and to its board of directors (the "Board"), acknowledged its inability to file its annual report on Form 20-F in a timely manner and noted the receipt of notices from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing standard with respect to both the minimum average share price and its failure to timely file the annual report. The regulatory environment for the Company's business continues to be challenging. Chinese regulators have instructed P2P platforms nationwide to implement "triple reduction," which includes (i) reducing outstanding loan balances, (ii) reducing the number of lenders, and (iii) reducing the number of borrowers. The Company recently received a notice requesting changes to the Company's business practices in order to be in full compliance with regulatory requirements set forth in Circular 175.
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SHANGHAI, March 29, 2019 /PRNewswire/ -- China Rapid Finance Limited ("XRF" or the "Company") (XRF), a leading fintech company that operates an award-winning microcredit company and one of China's largest consumer finance marketplaces, announced today the strengthening of its leadership team with the appointments of Steven Foo, Wilson Qin, and Quasi Yao.
SHANGHAI , Feb. 21, 2019 /PRNewswire/ -- China Rapid Finance Limited ("XRF" or the "Company") (NYSE: XRF), a leading fintech company and operator of one of China's largest consumer ...
SHANGHAI, Jan. 18, 2019 /PRNewswire/ -- China Rapid Finance Limited ("XRF" or "the Company") (XRF), operator of one of China's largest consumer lending marketplaces, today announced that it was named as one of the "2019 China New Finance Top 50" by Hurun Report. The Hurun Report, founded by Rupert Hoogewerf in 1999, is a magazine best known for its "China Rich List", a ranking of China's wealthiest individuals. China Rapid Finance is one of the ten online lending companies that were named as the "2019 China New Finance Top 50" players.
SHANGHAI , Dec. 10, 2018 /PRNewswire/ -- China Rapid Finance Limited (the "Company" or "XRF") (NYSE: XRF), operator of one of China's leading consumer lending marketplaces, announced ...
--Profitability remained flat on improved operating efficiency-- --Net revenue down 23% Q/Q amidst regulatory and market uncertainty-- --Significant improvements in Breakeven Volume and Take Rate building ...
China Rapid Finance Limited’s (NYSE:XRF): China Rapid Finance Limited, through its subsidiaries, provides a consumer lending marketplace for lenders and borrowers in the People’s Republic of China. The US$156m market-cap Read More...
SHANGHAI , Nov.14, 2018 /PRNewswire/ -- China Rapid Finance Limited ("China Rapid Finance" or the "Company") (NYSE: XRF), operator of one of China's largest consumer lending marketplaces, ...
Dr. Zane Wang, Founder, Chairman and Co-CEO of XRF commented: "The self-inspection process is critical to the stable growth of the P2P lending industry in China. This process creates a standardized level of best practices across the whole industry, which will protect the interests of both borrowers and lenders. The Company is now focused on the next two process steps, which are 1) a self-disciplinary inspection conducted by NIFA and regional regulatory authorities and 2) verification of inspection results by the regional P2P Rectification Office to conduct on field inspections. The Company has been making preparations and expects to complete these next steps before year-end. Separately, the Company today announced that Andrew Mason resigned from the board of directors for personal reasons.
SHANGHAI, Sept. 25, 2018 /PRNewswire/ -- China Rapid Finance Limited ("XRF" or the "Company") (XRF), a leading consumer finance marketplace and technology platform in China, today announced the expansion of its leadership team with the appointment of Russell Krauss, a former Hewlett-Packard executive, as Co-Chief Executive Officer and Vice Chairman. The appointment is intended to help accelerate its strategic corporate transformation as it launches new initiatives and business lines. "Executing our strategic plan with Mr. Krauss' leadership is the best way to accelerate XRF's corporate transformation and build long-term shareholder value," said Zane Wang, Ph.D., the Company's founder, Chairman and Co-Chief Executive Officer. We are delighted to expand Mr. Krauss' role at our Company.
SHANGHAI , Sept. 19, 2018 /PRNewswire/ -- China Rapid Finance (NYSE: XRF), a leading online consumer finance platform in China , today announced that its Chief Executive Officer Zane Wang will participate ...
SHANGHAI , Sept. 17, 2018 /PRNewswire/ -- China Rapid Finance Limited ("XRF" or "the Company") (NYSE: XRF), operator of one of China's largest consumer lending marketplaces, announced ...
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