Deal Snapshot
China Rapid Finance Inks LOI to Sell Controlling Stake to SOS Health Rescue Services
Friday 27 March 2020

Chinese fintech China Rapid Finance Ltd. (NYSE: XRF) has executed a non-binding letter of intent with China-based SOS Health Rescue Services Ltd. (SOS), to acquire a controlling interest in the outstanding equity of XRF, the company said.
SOS will acquire equity in XRF through a merger or similar transaction. This merger, if completed, will allow XRF to enter the new and growing area of consumer health services and health care related financial services.

Date Published: 27/03/2020