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BEST ( (BEST) ) just unveiled an announcement.
BEST Inc. announced the completion of its merger with Phoenix Global Partners, resulting in the company becoming a wholly owned subsidiary and ceasing to be publicly traded. The merger, approved by shareholders on February 18, 2025, involved the cancellation of shares and the provision of cash payments to shareholders. The company has requested the suspension of its ADS trading on the NYSE and plans to deregister its securities, impacting its reporting obligations and delisting from the exchange.
More about BEST
BEST Inc. is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. The company offers a comprehensive set of logistics and value-add services, including freight delivery, supply chain management, and global logistics services, leveraging its proprietary technology platform and extensive networks.
YTD Price Performance: 5.30%
Average Trading Volume: 29,217
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $52.55M
Find detailed analytics on BEST stock on TipRanks’ Stock Analysis page.
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