FinVolution Group
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FINV FinVolution Group
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Financials : Consumer Finance |
Based in China
Company profile

FinVolution Group, formerly PPDAI GROUP INC, is a China-based company mainly engaged in operating an online consumer finance platform. The Company’s products and services include loan services offered to borrowers, investment services offered to individual investors and institutional funding partners. The loan services offered to borrowers include standard loan products, consumption loan products and other loan products. The investment services offered to individual investors include self-discretionary investing tools, automated investing tools, investment programs and a secondary loan market. The Company also introduces borrowers to institutional funding partners and provides preliminary credit assessment services as well as other services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Price
Delayed
$5.87
Day's Change
-0.11 (-1.84%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.00
Day's Low
5.82
Volume
(Light)

Today's volume of 403,771 shares is on pace to be much lighter than FINV's 10-day average volume of 1,233,283 shares.

403,771

Winnebago to acquire pontoon boat manufacturer in deal valued up to $320 million

8:08 am ET July 20, 2021 (MarketWatch)
Print

Winnebago Industries Inc. (WGO) said Tuesday that it has entered into a definitive agreement to acquire Barletta Pontoon Boats for an initial consideration of $255 million, $230 million in cash and $25 million in newly-issued Winnebago shares. Winnebago will issue an additional $15 million in shares to Barletta ownership if certain performance goals are reached by the end of 2021. If certain growth objectives are reached in 2022 and 2023, Winnebago will issue up to an additional $50 million in cash. Barletta was founded in 2017, has a network of 125 dealer locations across the U.S. and Canada, and generated $120.6 million in revenue in 2020. Winnebago calls pontoon boats "one of the fastest-growing boating segments." Barletta recently opened a manufacturing facility in Bristol, Ind. Barletta will operate as a separate business unit within Winnebago once the deal closes, and Bill Fenech will continue as president of Barletta. The deal is expected to close fiscal first quarter 2022. Winnebago's quarterly reporting will include a "Marine" reporting segment that will comprise Barletta and Chris-Craft. Winnebago stock edged up 0.8% in Tuesday premarket trading, and has gained 6.3% for the year to date. The benchmark S&P 500 index is up 13.4% for the year to date.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

July 20, 2021 08:08 ET (12:08 GMT)

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