TuSimple statement regarding exploratory process for Asia-Pacific businesses
SAN DIEGO, March 21, 2022 /PRNewswire/ — TuSimple (Nasdaq: TSP), a global autonomous driving technology company, announced today that its Board of Directors, with full support from its management team, intends to explore certain transactions at a subsidiary level for its Asia-Pacific-focused businesses. The Board believes that such a transaction can highlight value in the Company’s Asia-Pacific-focused businesses and enhance overall value for shareholders. This exploratory process does not currently include any plans for a divestiture or a similar transaction for any of its businesses or subsidiaries.