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Re: None

Monday, 12/20/2021 3:30:55 PM

Monday, December 20, 2021 3:30:55 PM

Post# of 1064
RENN and KXIN.
As with everything RENN-related, it's complicated.

Here is the explanation from RENN IR:
https://ir.renren-inc.com/news-releases/news-release-details/cm-seven-star-announces-consummation-business-combination-renren

As I see it, CM Seven Star owns KXIN, and RENN owns 71.3% of CM Seven Star. So effectively, KXIN is a subsidiary of RENN, through CM Seven Star.

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