JD.com unit offers to buy big stake in China Logistics for $513 mln
Reuters2021-09-03
Sept 3 (Reuters) - China Logistics Property Holdings said on Friday it got an offer from the unit of Chinese e-commerce giant JD.com Inc to buy a controlling stake in the storage facilities manager for about HK$3.99 billion ($513.45 million).
JD Property Group Corp said in a release to the stock exchange that it offered to buy a 26.38% stake for HK$4.35 per share in China Logistics from its top shareholder, Yupei International Investment Management.
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.