Pintec Technology to divest its stake in Romantic Park subsidiary
Transaction Details: Pintec Technology has agreed to transfer its entire equity interest in Romantic Park to Vantage Capital as of November 7.
Debt Assignment: The transaction includes the assignment of certain debts and aged claims to Romantic Park, which were previously accounted for.
Approval Process: The transaction has been reviewed and approved by Pintec's Audit Committee and Board of Directors.
Closing Timeline: The closing of the transaction is contingent on customary conditions and is expected to be completed by November 30.
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Pintec Technology Rebrands to J and Friends, Ticker Changes to JF
- Name and Ticker Change: Pintec Technology announced it will rebrand as J and Friends with a new ticker symbol 'JF' effective January 16, 2026, although this change is not expected to materially impact the company's business or financial condition.
- Positive Market Reaction: Following the announcement, Pintec's shares surged by 14.73%, indicating a favorable market response to the rebranding, which may enhance investor confidence.
- Nasdaq Listing Details: The name and ticker change will take effect on the Nasdaq exchange, marking a significant shift in the company's brand image aimed at attracting a broader investor base.
- Future Outlook: While the rebranding is not expected to directly affect financial conditions, the company aims to strengthen its market competitiveness through the new brand identity, laying the groundwork for future business growth.
Pintec Technology Holdings Renamed to J and Friends, Trading Starts Tomorrow on Nasdaq
- Name and Branding Change: Pintec Technology Holdings will officially be renamed to 'J and Friends Holdings Limited' with the new ticker symbol 'JF' starting January 16, 2026, reflecting a renewed focus on the company's core values and long-term development strategy.
- No Action Required from Shareholders: The name and ticker symbol changes require no action from shareholders, and the company's CUSIP number will remain unchanged, with no expected material impact on existing business operations or financial condition.
- Updated Brand Philosophy: The 'J' in the new name stands for 'Journey', emphasizing the company's commitment to growing alongside its customers and partners by empowering small businesses and consumers with intuitive, accessible, and meaningful technology solutions.
- Commitment to Future Growth: J and Friends will continue to leverage capital markets to deepen technology research and development and expand market presence, reaffirming its commitment to supporting growth under a refreshed brand identity and embarking on a new chapter with customers and partners.
Pintec Technology Holdings Changes Name to J and Friends, Begins Trading on Nasdaq
- Name Change Announcement: Pintec Technology Holdings will officially change its name to 'J and Friends Holdings Limited' and begin trading under the new ticker 'JF' on Nasdaq starting January 16, 2026, marking a significant brand transformation and strategic focus.
- No Action Required from Shareholders: The name and ticker symbol changes require no action from shareholders, and the company's CUSIP number will remain unchanged, indicating operational stability and minimal expected impact on existing business.
- Strategic Shift: The 'J' in the new name stands for 'Journey,' underscoring the company's commitment to growing alongside its customers, aiming to empower small businesses and consumers through technology to enhance market competitiveness.
- Future Development Plans: Management stated that the company will continue to leverage capital markets to deepen technology research and development and expand market presence, reflecting a commitment to customers and partners under a refreshed brand identity and embarking on a new chapter.
PartsTrader to be Acquired by Enlyte, Enhancing Industry Efficiency
- Acquisition Agreement: PartsTrader announced a definitive agreement to be acquired by Enlyte, with the transaction expected to close in 2026, marking a significant milestone that will enhance efficiency and transparency in the collision repair ecosystem.
- Commitment to Independence: PartsTrader will operate as an independent subsidiary, maintaining full connectivity with all information providers and partners, which not only preserves its open platform's neutrality but also enhances customer value through a deeper strategic partnership with Mitchell.
- Market Integration Benefits: The acquisition is set to strengthen collaboration between PartsTrader and Mitchell, streamlining parts selection processes and expanding data-driven capabilities, thereby creating higher efficiency and transparency for repairers, insurers, and suppliers.
- Industry Growth Potential: PartsTrader CEO Steve Messenger stated that this acquisition will accelerate growth momentum, and with Enlyte's resources and strategic alignment, it is expected to bring greater clarity and choice to the industry, driving ongoing market development.
PINTEC Enters into Agreement to Transfer Shares of Its Subsidiary
Transaction Announcement: Pintec Technology Holdings Limited has announced a transaction to transfer its entire equity interest in Romantic Park Holdings Limited to Vantage Capital Limited, which includes the assignment of certain debts and claims.
Related-Party Transaction: The transaction is classified as a related-party transaction due to the involvement of an officer from Pintec's variable interest entity, with approval from the Company's Audit Committee and Board of Directors.
Strategic Focus: The Board of Directors stated that this transaction is a significant milestone for Pintec, as it aims to refine its business structure and enhance its focus on providing financial and digital solutions to micro, small, and medium-sized enterprises globally.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's expectations and plans, highlighting potential risks and uncertainties that could affect future results.
PINTEC Reveals Board of Directors Restructuring
Board Resignations and Appointments: Pintec Technology Holdings announced the resignations of directors Chao Chen and Tixin Li, with Xin Yang and Hao Liu appointed as their replacements. The resignations were not due to any disagreements with the company.
Experience of New Directors: Xin Yang, the new CFO, has 20 years of experience in financial management, while Hao Liu has a strong background in fintech, having held various leadership roles in technology and finance sectors.
Company's Commitment: Pintec is dedicated to providing innovative financial and digital solutions for micro, small, and medium enterprises globally, enhancing partnerships and supporting financial institutions.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's strategic plans and potential risks, emphasizing the uncertainties that could affect future results.
Pintec Technology Rebrands to J and Friends, Ticker Changes to JF
- Name and Ticker Change: Pintec Technology announced it will rebrand as J and Friends with a new ticker symbol 'JF' effective January 16, 2026, although this change is not expected to materially impact the company's business or financial condition.
- Positive Market Reaction: Following the announcement, Pintec's shares surged by 14.73%, indicating a favorable market response to the rebranding, which may enhance investor confidence.
- Nasdaq Listing Details: The name and ticker change will take effect on the Nasdaq exchange, marking a significant shift in the company's brand image aimed at attracting a broader investor base.
- Future Outlook: While the rebranding is not expected to directly affect financial conditions, the company aims to strengthen its market competitiveness through the new brand identity, laying the groundwork for future business growth.
Pintec Technology Holdings Renamed to J and Friends, Trading Starts Tomorrow on Nasdaq
- Name and Branding Change: Pintec Technology Holdings will officially be renamed to 'J and Friends Holdings Limited' with the new ticker symbol 'JF' starting January 16, 2026, reflecting a renewed focus on the company's core values and long-term development strategy.
- No Action Required from Shareholders: The name and ticker symbol changes require no action from shareholders, and the company's CUSIP number will remain unchanged, with no expected material impact on existing business operations or financial condition.
- Updated Brand Philosophy: The 'J' in the new name stands for 'Journey', emphasizing the company's commitment to growing alongside its customers and partners by empowering small businesses and consumers with intuitive, accessible, and meaningful technology solutions.
- Commitment to Future Growth: J and Friends will continue to leverage capital markets to deepen technology research and development and expand market presence, reaffirming its commitment to supporting growth under a refreshed brand identity and embarking on a new chapter with customers and partners.
Pintec Technology Holdings Changes Name to J and Friends, Begins Trading on Nasdaq
- Name Change Announcement: Pintec Technology Holdings will officially change its name to 'J and Friends Holdings Limited' and begin trading under the new ticker 'JF' on Nasdaq starting January 16, 2026, marking a significant brand transformation and strategic focus.
- No Action Required from Shareholders: The name and ticker symbol changes require no action from shareholders, and the company's CUSIP number will remain unchanged, indicating operational stability and minimal expected impact on existing business.
- Strategic Shift: The 'J' in the new name stands for 'Journey,' underscoring the company's commitment to growing alongside its customers, aiming to empower small businesses and consumers through technology to enhance market competitiveness.
- Future Development Plans: Management stated that the company will continue to leverage capital markets to deepen technology research and development and expand market presence, reflecting a commitment to customers and partners under a refreshed brand identity and embarking on a new chapter.
PartsTrader to be Acquired by Enlyte, Enhancing Industry Efficiency
- Acquisition Agreement: PartsTrader announced a definitive agreement to be acquired by Enlyte, with the transaction expected to close in 2026, marking a significant milestone that will enhance efficiency and transparency in the collision repair ecosystem.
- Commitment to Independence: PartsTrader will operate as an independent subsidiary, maintaining full connectivity with all information providers and partners, which not only preserves its open platform's neutrality but also enhances customer value through a deeper strategic partnership with Mitchell.
- Market Integration Benefits: The acquisition is set to strengthen collaboration between PartsTrader and Mitchell, streamlining parts selection processes and expanding data-driven capabilities, thereby creating higher efficiency and transparency for repairers, insurers, and suppliers.
- Industry Growth Potential: PartsTrader CEO Steve Messenger stated that this acquisition will accelerate growth momentum, and with Enlyte's resources and strategic alignment, it is expected to bring greater clarity and choice to the industry, driving ongoing market development.
PINTEC Enters into Agreement to Transfer Shares of Its Subsidiary
Transaction Announcement: Pintec Technology Holdings Limited has announced a transaction to transfer its entire equity interest in Romantic Park Holdings Limited to Vantage Capital Limited, which includes the assignment of certain debts and claims.
Related-Party Transaction: The transaction is classified as a related-party transaction due to the involvement of an officer from Pintec's variable interest entity, with approval from the Company's Audit Committee and Board of Directors.
Strategic Focus: The Board of Directors stated that this transaction is a significant milestone for Pintec, as it aims to refine its business structure and enhance its focus on providing financial and digital solutions to micro, small, and medium-sized enterprises globally.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's expectations and plans, highlighting potential risks and uncertainties that could affect future results.
PINTEC Reveals Board of Directors Restructuring
Board Resignations and Appointments: Pintec Technology Holdings announced the resignations of directors Chao Chen and Tixin Li, with Xin Yang and Hao Liu appointed as their replacements. The resignations were not due to any disagreements with the company.
Experience of New Directors: Xin Yang, the new CFO, has 20 years of experience in financial management, while Hao Liu has a strong background in fintech, having held various leadership roles in technology and finance sectors.
Company's Commitment: Pintec is dedicated to providing innovative financial and digital solutions for micro, small, and medium enterprises globally, enhancing partnerships and supporting financial institutions.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's strategic plans and potential risks, emphasizing the uncertainties that could affect future results.
