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09618 JD-SW
RTNominal down97.300 -0.750 (-0.765%)
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14/08/2020 09:27

JD (09618) to acquire controlling interest in Kuayue-Express

[ET Net News Agency, 14 August 2020] JD.com, Inc. (09618) said it has entered into a
definitive agreement under which Jingdong Express Group Corporation (JD Logistics), a
subsidiary of the company, will acquire a controlling interest in Kuayue-Express Group
Co., LTD. (Kuayue Express), a renowned modern integrated express transportation enterprise
specializing in "limited-time express service" in China, for a total consideration of RMB3
billion through a combination of acquiring existing shares and subscribing for newly
issued shares of Kuayue Express, subject to customary closing conditions.
The company expects to close this transaction in the third quarter of 2020. (RC)

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