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News Breaks
October 22, 2012
06:08 EDTLASLentuo announces joint venture with Fortune Global 500 company based in Asia
Lentuo International announced that it has signed a joint venture, or JV, agreement with a Fortune Global 500 company based in Asia. The agreement will be effective upon government approval. Under the terms of the agreement, Lentuo and the JV Partner will jointly operate Beijing Lentuo Autong Automobile Trading Co. Ltd., or AT, to expand sales and services in the high-end car segment in China. The JV will focus on the expansion of AT's high-end 4S dealerships across China, starting with the new South Beijing Audi 4S dealership that the Company announced on July 23. The JV will scale up its higher margin repair and maintenance services. The JV Partner will invest RMB300M and take a 40% stake in the JV. With extensive experience in operating and investing in high-end car dealerships across Asia, the JV Partner will also act as a strategic investor to help strengthen AT's management and business operations over the long run.
News For LAS From The Last 14 Days
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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.
January 13, 2015
05:27 EDTLASLentuo International announces JV with Bitauto, UXIN officially registered
Lentuo International (LAS) announced that its joint venture with Bitauto Holdings Limited (BITA) and Youxinpai Information Technology, or UXIN, announced on August 15, has been officially registered with the Beijing Municipal Administration of Industry and Commerce. With operational planning having already begun, the JV will begin developing what is expected to be the largest Online-to-Offline platform exclusively dedicated to certified premium pre-owned cars in China.

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