TuanChe Ltd
Change company Symbol lookup
Select an option...
TC TuanChe Ltd
ENSG Ensign Group Inc
INO Inovio Pharmaceuticals Inc
WHR Whirlpool Corp
TTOO T2 Biosystems Inc
AAPL Apple Inc
HOKCY Hong Kong and China Gas Co Ltd
NWFFX American Funds New World Fund® Class F-1
CARS Cars.com Inc
AHT Ashford Hospitality Trust Inc
Go

Communication Services : Media |
Based in China
Company profile

TuanChe Limited is a China-based company principally operates an omni-channel automotive marketplace. The Company mainly provides integrated marketing solutions and virtual dealership services. Its integrated marketing solutions include transaction-facilitating auto shows. The Company mainly conducts its businesses through two segments: Auto Shows and Group-purchase Facilitation segments. Its auto shows involves four phases: annual planning, event request initiation, event planning and event execution. Its services in virtual dealership includes distribution channel expansion services for automakers and sourcing services for secondary dealers. Its online platform consists of its Website tuanche.com, its official WeChat account, its WeChat mini-program and its mobile applications.

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

Closing Price
$0.9497
Day's Change
0.0127 (1.36%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.18
Day's Low
0.86
Volume
(Heavy Day)
Volume:
556,904

10-day average volume:
57,365
556,904

AM Best Comments on Credit Ratings of The Allstate Corporation's Insurance Subsidiaries After Announced Acquisition of National General Holdings Corp.

6:38 pm ET July 9, 2020 (BusinessWire) Print

AM Best has commented that the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" of the members of Allstate Insurance Group (Allstate) and the key life/health members of the Allstate Life Group (Allstate Life), along with the FSR of A (Excellent) and the Long-Term ICRs of "a" of the members of Allstate New Jersey Insurance Group, remain unchanged following the July 7, 2020, announcement that National General Holdings Corp. (NGHC) would be acquired. The outlook of these Credit Ratings (ratings) is stable.

The Allstate Corporation (AllCorp) has agreed to acquire NGHC for an estimated $4 billion in cash. The transaction is to be funded by a combination of cash and proceeds from the issuance of $1.5 billion in new senior debt, and is expected to close in first quarter of 2021, subject to regulatory approvals. A minor increase in AllCorp's financial leverage is expected at the time of debt issuance.

In line with publicly disclosed strategic initiatives, the transaction is expected to increase Allstate's market share in personal property-liability and provide expansion and diversity of distribution through further access to independent agents. It is believed that material expense synergies will drive savings beginning in the first year of combined operations. AM Best will continue to closely monitor the progression of the acquisition through regular conversations with AllCorp management and regular quarterly financial analysis.

This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper media use of Best's Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best's Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright (C) 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200709005992/en/

SOURCE: AM Best

Edin Imsirovic 
Associate Director--P/C
+1 908 439 2200, ext.5740
edin.imsirovic@ambest.com


Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com


Kate Steffanelli
Senior Financial Analyst--L/H
+1 908 439 2200, ext. 5063
kate.steffanelli@ambest.com


Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com
comtex tracking

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.