Acquiring Company
Yiren Digital Ltd
Acquired Company
Chongqing Jintong
BeijingInformation TechnologyFinancial ServicesSoftwareArtificial IntelligenceFinanceFintechLendingMachine LearningDescription
Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), a leading digital personal financial management platform in China, today announced that it had entered into an equity transfer agreement (the "Agreement") to acquire 100% equity interest in Chongqing Jintong Financing Guarantee Co., Ltd. ("Chongqing Jintong"), a licensed financing guarantee company in China, for a total cash consideration of RMB204.9 million. The closing of the transaction is subject to conditions that are customary for transactions of this type and is currently expected to occur in July 2023.
Quick answer
Yiren Digital Ltd is acquiring Chongqing Jintong, announced June 27, 2023. Yiren Digital Ltd is based in Beijing, Beijing, China.
- How much did Yiren Digital Ltd pay for Chongqing Jintong?
- The deal value was not disclosed.
- What does Yiren Digital Ltd do?
- Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets.
- Where are Yiren Digital Ltd and Chongqing Jintong based?
- Yiren Digital Ltd is based in Beijing, Beijing, China.
Source: Fundz verified event record.
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Frequently asked
Who acquired Chongqing Jintong?
Chongqing Jintong was acquired by Yiren Digital Ltd, based in Beijing. The deal was reported on June 27, 2023. Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. Yiren Digital Ltd is publicly traded (YRD) and operates in Information Technology.
When did Yiren Digital Ltd acquire Chongqing Jintong?
Yiren Digital Ltd's acquisition of Chongqing Jintong was reported on June 27, 2023. Yiren Digital Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Chongqing Jintong do?
Chongqing Jintong is the company acquired in this transaction. It is privately held.
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