Cango, a company listed on the New York Stock Exchange, disclosed that it has received a takeover offer from Enduring Wealth Capital Limited

ChainCatcher news, according to a report by PR Newswire, the NYSE-listed company Cango has disclosed that it has received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL) aimed at acquiring 10 million shares of Class B common stock from the company's co-founders, with the purchase price to be agreed upon by both parties. Additionally, the letter of intent requires Cango's founders to voluntarily convert all of their remaining Class B common stock into Class A common stock and to resign from their positions on the board and as executives.