Jayud Global Logistics Limited Class A (JYD) has released an update.
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Jayud Global Logistics Limited announced the termination of its agreement to acquire a 51% stake in Qingdao Oranda Supply Chain Management Co., Ltd., with all parties relieved of their obligations under the deal. The decision to end the acquisition was mutually agreed upon without any financial consideration exchanged. This development may impact Jayud’s strategic expansion plans in the logistics sector.
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