PANews reported on December 29th that, according to an announcement by Cango Inc., its major shareholder, Enduring Wealth Capital Limited (EWCL), will subscribePANews reported on December 29th that, according to an announcement by Cango Inc., its major shareholder, Enduring Wealth Capital Limited (EWCL), will subscribe
Cango receives an additional $10.5 million in Class B shares from its shareholders.
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PANews reported on December 29th that, according to an announcement by Cango Inc., its major shareholder, Enduring Wealth Capital Limited (EWCL), will subscribe for 7 million Class B ordinary shares for $10.5 million in cash, each with 20 votes. Upon completion of the transaction, EWCL's shareholding will increase from 2.81% to approximately 4.69%, and its voting rights will rise from 36.68% to 49.61%. The transaction is expected to close in January 2026, subject to approval from the NYSE.
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