JD.com (HKG:9618) submitted a preliminary, non-binding proposal to acquire all outstanding shares of Dada Nexus, offering $0.50 per ordinary share and $2.00 American Depositary Share (ADS) in cash, according to a Friday filing with the Hong Kong bourse.
JD.com currently holds a 63.4% stake in Dada Nexus through its subsidiaries. The proposal is subject to negotiations and approvals.
If the deal is completed, Dada Nexus may be delisted from Nasdaq.
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