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Stock Market & Financial Investment News

News Breaks
August 15, 2014
06:04 EDTBITA, LASBitAuto and Lentuo International estabalish joint venture with UXIN
Bitauto (BITA) announced that it has entered into an agreement to establish a joint venture with Lentuo International (LAS) and Youxinpai (Beijing) Information Technology, a professional auto auction service provider in China. The JV will integrate the companies' nationwide resources into an online-to-offline platform focused on high-end used cars in China. The joint venture, which will originally be centered on Beijing and gradually expand to other cities, will integrate the resources of each partner to build the largest Online-to-Offline platform exclusively focused on high-end pre-owned cars in China. Lentuo will own 60% of the joint venture with Bitauto and UXIN each holding 20%.
News For BITA;LAS From The Last 14 Days
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January 28, 2015
05:28 EDTLASLentuo International in strategic partnership discussions to enter EV market
Lentuo International announced that it has begun a strategic expansion into the electric vehicle and plug-in hybrid EV value-added services as an extension of its after sales business strategy. This expansion will hope to help the company accelerate growth, improve profitability and further strengthen its brand by leveraging its extensive industry experience to cooperate with internationally respected EV and PEV industry players. The company is in active discussions with a German company, that is a "highly experienced developer and manufacturer of automobile roof-integrated solar systems." Meanwhile, this company is already integrating its roof systems in smart EV charging stations in China. Lentuo believes that these discussions will lead to a strategic partnership agreement to enter the EV industry. And, the company will provide progress updates by way of press releases as appropriate.
January 22, 2015
05:35 EDTLASLentuo International announces management share repurchase
Lentuo International announced that members of its senior management team, including its Chairman Hetong Guo and CEO Jing Yang, will use their personal funds to purchase the company's American Depositary Shares on the open market for an aggregate amount up to a maximum of $1M as soon as possible within one month.
January 20, 2015
05:54 EDTLASLentuo International receives continued listing standard notice from NYSE
Lentuo International announced that on January 16, it received notice from NYSE that the company is no longer in compliance with the NYSE's continued listing standards because the average per share closing price of the company's American depositary shares for the consecutive 30 trading-day period ended on January 9 has fallen below the NYSE's share price requirements.

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