Mergers & AcquisitionsMedium•7 November 2026•
1 min read
X Financial Chairman Proposes Buyout to Take Company Private
Key Facts
1Yue (Justin) Tang, Chairman and CEO of X Financial, submitted a non-binding proposal to acquire all outstanding shares not already owned by him.
Yue (Justin) Tang, Chairman and CEO of X Financial, submitted a non-binding proposal to acquire all outstanding shares not already owned by him. Benzinga reported that the proposal was made through his affiliate, Mangrove Coast Investment Limited, with the intent of taking the company private.
XYF closed at $5.75 on November 6, 2026, with the stock trading between a day low of $5.33 and a high of $5.8 during that session. The preliminary offer does not commit either party to a final transaction, but if completed, X Financial’s shares would become eligible for deregistration and delisting from the New York Stock Exchange.