JD.com's JD Logistics Unit to Fully Acquire Kuayue-Express

MT Newswires Live

2024/12/06

JD.com (JD) said in a regulatory filing Friday that its subsidiary JD Logistics has agreed to acquire the remaining 36.43% equity in Kuayue-Express for up to 6.48 billion renminbi ($891.6 million).

JD Logistics currently holds 63.57% equity interest in Kuayue-Express and will take full ownership of Kuayue after the transaction is completed, JD.com said.

The transaction is subject to adjustments and customary conditions, JD.com added.

JD.com shares were up 3.8% in recent trading.

Price: 37.79, Change: +1.38, Percent Change: +3.79

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