China’s JD Logistics agrees to buy courier company Deppon By Reuters
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© Reuters. FILE PHOTO: An automated ground robot transports containers at the Asia No.1 logistics centre of JD Logistics, by JD.com, amid the Singles’ Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu Wang(Reuters) – Chinese e-commerce giant JD (NASDAQ:).com Inc on Sunday said that its subsidiary JD Logistics Inc has agreed to buy domestic courier Deppon Logistics Co Ltd.
Under the deal, JD Logistics will acquire 99.99% equity stake in Deppon Holdco for a total consideration of about 9 billion yuan ($1.42 billion). Deppon Holdco owns a total of about 66.50% of Deppon Logistics.
JD Logistics will then make an offer for all the issued shares of Deppon Logistics not held by Deppon Holdco, for 13.15 yuan per share.
($1 = 6.3389 renminbi)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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© Reuters. FILE PHOTO: An automated ground robot transports containers at the Asia No.1 logistics centre of JD Logistics, by JD.com, amid the Singles’ Day shopping festival, during an organised tour in Beijing, China, November 9, 2021. REUTERS/Tingshu Wang(Reuters) – Chinese e-commerce giant JD (NASDAQ:).com Inc on Sunday said that its subsidiary JD Logistics Inc has agreed to buy domestic courier Deppon Logistics Co Ltd.
Under the deal, JD Logistics will acquire 99.99% equity stake in Deppon Holdco for a total consideration of about 9 billion yuan ($1.42 billion). Deppon Holdco owns a total of about 66.50% of Deppon Logistics.
JD Logistics will then make an offer for all the issued shares of Deppon Logistics not held by Deppon Holdco, for 13.15 yuan per share.
($1 = 6.3389 renminbi)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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