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Benzinga

Business

Akanksha Bakshi

TuSimple Seeks Options At Subsidiary Level For Asia-Pacific-Focused Businesses

TuSimple Asia TSP Xiaodi Hou TuSimple Holdings Inc China

TuSimple Holdings Inc's (NASDAQ:TSP) Board intends to explore certain transactions at a subsidiary level for its Asia-Pacific-focused businesses.
The company's board expects such a transaction can highlight the value in its Asia-Pacific-focused businesses and enhance overall value for shareholders.
Related: TuSimple Shares Soar As It Looks To Divest China Operations
"We believe this is the right time to explore opportunities to add high quality partners at a subsidiary level and highlight the value of our Asia-Pacific-focused businesses," commented Xiaodi Hou, Co-Founder and CEO, TuSimple.
Price Action: TSP shares are trading lower by 3.55% at $13.07 on the last check Monday.

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