Cango Inc. (CANG) Announces Definitive Agreement with Founders and EWCL
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Cango Inc. Announces Definitive Agreement with Founders and EWCL
June 2, 2025 6:04 AM EDTHONG KONG, June 2, 2025 /PRNewswire/ --Â Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the Company's co-founders, Mr. Xiaojun Zhang and Mr. Jiayuan Lin (collectively, the "Founders") and their holding companies (the "Sellers") have entered into a securities purchase agreement (the "Agreement") with Enduring Wealth Capital Limited, a company established in the... More
Cango Inc. Completes PRC Business Sale, Strengthens Board to Drive Global Bitcoin Focus
May 29, 2025 6:00 AM EDTSHANGHAI, May 29, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the "PRC Business"), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on May 27, 2025, decisively repositions Cango to concentrate its full financial and operational capabilities on accelerating its leadership in the global Bitcoin mining... More
