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Stock Market & Financial Investment News

News Breaks
April 17, 2014
05:27 EDTLASLentuo International launches pre-owned car quality certification program
Lentuo International announced it has launched a quality certification program to support its growing Certified pre-owned car business and improve confidence and transparency in the pre-owned car industry. Effective today all of the company's mid- to high-end pre-owned cars will receive a complete technical inspection and analysis to ensure they have no significant frame or internal damage, are in excellent working order and meet or exceed generally accepted standards for a particular make and model. Only those cars that successfully pass this inspection will be offered for sale. This will provide much needed price transparency, increase buyer confidence and make financial institutions more comfortable in financing purchases and managing credit risk. These cars, labeled Lentuo Certified Quality will be sold through the O2O platform announced by the company on March 3, which will incorporate the company's flagship showroom in Beijing and additional pre-owned dealerships to be opened as the company expands geographically. Lentuo expects various substantial synergistic effects resulting from the build–up of this dedicated pre-owned car business. Among others, revenues from repair and maintenance should expand as the company will offer discounts to buyers of its certified pre-owned cars.
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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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