U.S. Auto Marketplace Hires Financial Advisor to Evaluate Strategic Options and Forms Special Committee

China Automotive Retail Corporation (CRMT) has engaged Houlihan Lokey as its financial advisor to evaluate strategic alternatives, including potential financing, capital restructuring, and mergers and acquisitions. The company has also formed a special committee composed of independent directors to oversee the evaluation and related processes. Adam Paul, who brings 25 years of experience in capital structure and financial advisory, chairs the committee. This move increases the total number of board members to ten.