JD Logistics to buy remaining stake in Kuayue-Express for $892 mln

Reuters12-06

Dec 6 (Reuters) - Hong Kong-listed JD Logistics 2618.HK will acquire the 36.43% stake it does not already own in Kuayue-Express Group for not more than 6.48 billion yuan ($892 million), the company said on Friday. ($1 = 7.2649 Chinese yuan renminbi)

(Reporting by John Biju in Bengaluru; Editing by Savio D'Souza)

((John.Biju@thomsonreuters.com;))

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