JD Logistics, Inc. completed the acquisition of a 49.32% stake in DEPPON LOGISTICS Co.,LTD. from group of sellers.
July 26, 2022
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JD Logistics, Inc. (SEHK:2618) agreed to acquire a 49.32% stake in DEPPON LOGISTICS Co.,LTD. (SHSE:603056) from group of sellers for CNY 4.4 billion on March 11, 2022. In related transactions, JD Logistics entered into agreements to acquire additional stake in DEPPON LOGISTICS from management and minority shareholders. JD Logistics will acquire the stake from WX Cui, WG Cui, Li Yunman, Ding Shaohong, Zhu Yu, Ren Guifang, Jiang Haiping, Li Zhongmin, Zhang Haiyan, Ma Cuifang, Cao Wei, Li Liang, Zhu Jia and others.
JD Logistics, Inc. (SEHK:2618) completed the acquisition of a 49.32% stake in DEPPON LOGISTICS Co.,LTD. (SHSE:603056) from group of sellers on July 26, 2022.
JD Logistics Inc is a China-based supply chain solutions and logistics services provider. The Company operates its businesses through five segments. Warehousing and Distribution Services segment provides corporate customers with comprehensive, integrated, customizable warehousing and distribution services. Express and Freight Delivery Services segment provides corporate customers and individual customers with express and freight delivery services. Bulky Item Logistics Services segment provides corporate and individual customers with one-stop bulky item warehousing, transportation, delivery and installation services. Cold chain Logistics Services segment provides corporate customers and individual customers with integrated cold chain warehousing, transportation and delivery services. Cross-border Logistics Services segment provides both Chinese and international corporate customers with cross-border supply chain services.