Yixin Group Limited has been acquired by Tencent Mobility and Hammer Capital Offerco
Tencent Mobility and Hammer Capital Offerco have acquired Yixin Group Limited.
Tencent Mobility is a company incorporated in Hong Kong whose primary business is the development and operation of online entertainment services, provision of advertising services and investment holding. It is a wholly owned subsidiary of Tencent Holdings, which is a leading provider of internet services in China.
Hammer Capital Offerco is a company incorporated in the British Virgin Islands. It is wholly owned by Hammer Capital, the general partner of which is Hammer Capital Opportunities General Partner, which is ultimately owned by Mr. Rodney Ling Kay Tsang.
Yixin Group Limited is engaged in the operation of an online automobile retail transaction platform. The company operates in two segments: the transaction platform which includes loan and after-market services, and the self-operated financing business which includes lease and rental services.
Oaklins’ team in Hong Kong acted as financial advisor to the buyers in this transaction.
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