JD Logistics Arm to Acquire Balance Stake in Kuayue-Express Group

MT Newswires Live12-06

JD Logistics' (HKG:2618) subsidiary Suqian Jingdong Bohai Enterprise Management agreed to acquire 36.43% equity interest in Kuayue-Express Group from the vendors, the current interest holders, for up to 6.48 billion yuan, a Friday Hong Kong bourse filing said.

The vendors include Hu Haijian, Xu Lifeng, Shanghai Hailu, Ningbo Hairui, Ningbo Kuahang and Ningbo Qiaohao.

The purchaser already holds 63.57% of the target and upon completion of the current acquisition, the group will hold a 100% equity interest in the target company.

The group plans to fund the acquisition through a combination of ways including using its own funds, securing external financing, and by issuing consideration shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment