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Kaixin Auto Holdings Announces $700 Million Intended Investments at Conversion Price of $2 and Above for Pending Acquisition of New Energy Vehicle Manufacturer

BEIJING, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ:KXIN) announces today that it has obtained a total of $700 million of targeted investment intentions from several institutional investors. The investmen