China's JD.com kickstarts process to spin off industrials unit in Hong Kong, filings show

Reuters
2024-10-01

By Scott Murdoch

SYDNEY, Oct 1 (Reuters) - China's Jingdong Industrials, part of e-commerce giant JD.com , has renewed its Hong Kong initial public offering ambitions, lodging an application with the city's stock exchange to carry out a share offering, according to regulatory filings.

JD.com announced in March last year it would spin out its industrial and property businesses into separate businesses but neither deal went ahead as financial markets were volatile and IPO volumes collapsed globally.

JD Industrials initially filed to the Hong Kong stock Exchange then but its application lapsed after six months in line with the bourse's rules. JD Industrials is an industrial supply chain technology and service provider in China, according to its filings.

The company had planned to raise $1 billion in a Hong Kong IPO last year, Reuters reported.

A fresh application was lodged to the Hong Kong Stock Exchange website dated Sept. 30.

The application did not outline JD Industrials' fundraising target or a timeline for a deal to go ahead.

(Reporting by Scott Murdoch; Editing by Christopher Cushing)

((Scott.Murdoch@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10