Mangrove Coast proposes to acquire X Financial for $6.03 per ADS
XYF•Mangrove Coast Investment proposed acquiring X Financial on November 6, 2026, for $6.03 in cash per American Depositary Share. The offer represents premiums of 28.3% to X Financial’s last closing price and 25.1% to its 30-trading-day volume-weighted average closing price.
1. Cash offer details
Mangrove Coast Investment proposed paying $6.03 per American Depositary Share for X Financial. Each ADS represents six Class A ordinary shares, equivalent to $1.005 per ordinary share. Mangrove holds approximately 93.45% of total voting power, and its beneficially owned ADSs and ordinary shares are excluded from the cash consideration. Financing would combine equity from Mangrove and its affiliates with loans from third-party financial institutions.
