Cango secures an additional $10.5 million in Class B shares from shareholder increase

GateNews

2025-12-29 11:18:14

PANews December 29 News, according to Cango Inc. announcement, the major shareholder Enduring Wealth Capital Limited (EWCL) will subscribe for 70 million Class B ordinary shares at a cash price of $10.5 million, with 20 votes per share. After the transaction is completed, EWCL’s ownership stake will increase from 2.81% to approximately 4.69%, and voting rights will rise from 36.68% to 49.61%. The transaction is expected to be completed by January 2026, pending approval from the New York Stock Exchange.

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