Zhejiang Lixin is a financial services company that serves individuals and micro-, small-, and medium-sized enterprises in the Yangtze River Delta region in China.
China Lending will issue RMB 276M ($40M) of its shares to the selling shareholders of Cayman Lixin.
Sees completing deal in August 2019.
May acquire the remaining 35% equity interests in Cayman Lixin, subject to certain conditions, including the completion of future financing.
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