On March 25, Deppon Logistics Co., Ltd. (603056) announced that the Shanghai Stock Exchange has approved the company's application to voluntarily withdraw its shares from trading. The exchange decided to terminate the listing of the company's stock, which will be officially delisted on March 31.
Previously, on January 13, Deppon Logistics disclosed its voluntary delisting plan, proposing to apply for the withdrawal of its A-share listing via a shareholders' meeting resolution. JD Logistics Express Co., Ltd., as the cash option provider, offered a cash exit right to all A-share shareholders except the indirect controlling shareholder, Suqian JD Zhuofeng, and its concert parties. The exercise price was set at 19.00 yuan per share, representing a 35.33% premium over the closing price of 14.04 yuan per share on the last trading day before the trading halt. The company also completed the cancellation of previously repurchased shares to prepare for the delisting process.
Deppon Logistics stated that the voluntary delisting aims to better align with the development trends of the logistics industry and to more efficiently coordinate and integrate logistics resources within the JD Logistics system. This move fulfills the commitment regarding competition in the same business made by the indirect controlling shareholder, Suqian JD Zhuofeng Enterprise Management Co., Ltd., at the time of acquiring Deppon Logistics.
As of March 25, Deppon Logistics' share price stood at 18.85 yuan per share, with a total market capitalization of 19.068 billion yuan, reflecting significant appreciation since its initial listing and effectively safeguarding shareholder interests.
The company emphasized that after delisting, its assets, personnel, and operations will not be adversely affected. It will maintain its independent brand and operations while leveraging the business resources of the JD Logistics system more fully. This will enable Deppon Logistics to provide more comprehensive, integrated, and personalized logistics services, playing a greater role in building a modern logistics system and supporting national strategies.
Deppon Logistics is the first listed company in the A-share market in 2026 to propose a voluntary delisting. Following the announcement, its shares experienced three consecutive daily limit gains. After delisting, the company plans to apply for trading on the National Equities Exchange and Quotations system to maintain stock liquidity as much as possible.
Reflecting on its development journey, Deppon Logistics evolved from a regional logistics enterprise into a comprehensive logistics service provider listed on the A-share market. After integration with JD Logistics, it now proceeds with voluntary delisting, marking nearly three decades of growth.
