Kaixin Holdings (KXIN): $KXIN Beautiful! First Half 2021 Financi...

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Re: sweet crude post# 136

Wednesday, 12/29/2021 9:12:49 AM

Wednesday, December 29, 2021 9:12:49 AM

$KXIN Beautiful! First Half 2021 Financial Results. Total net revenues were $2.04 million, representing an increase of 205.7% from $0.67 million in the first half of 2020. The acquisition consideration was determined at $161.8 million based on fair value of the ordinary shares held by Kaixin pre-acquisition shareholders. The purchase price was allocated to total assets at 209.8 million, including tangible assets at $51.0 million, trademark at $15.1 million, goodwill at $143.7 million, total liabilities at $34.4 million, non-controlling interest at $7.6 million and preferred shares at $6 million.

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