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JD Logistics, Inc. ( (HK:2618) ) has issued an update.
JD Logistics has announced that shareholders of its affiliate Deppon have approved a special resolution to voluntarily withdraw Deppon’s shares from trading on the Shanghai Stock Exchange, and the company will now seek regulatory approval from the exchange to complete the delisting. As part of the withdrawal plan, a wholly owned JD Logistics subsidiary will offer a cash option to eligible Deppon shareholders at RMB19.0 per share, covering up to 199,855,259 shares and implying a potential payout of about RMB3.8 billion if fully exercised, a move that could consolidate JD Logistics’ control over Deppon and reshape its capital structure, although the outcome remains contingent on investor take-up of the offer and final approval from the Shanghai bourse.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
More about JD Logistics, Inc.
JD Logistics, Inc. is a logistics services provider listed in Hong Kong, operating as part of the broader JD ecosystem. Through wholly owned subsidiaries, it invests in and manages logistics and transportation businesses, including stakes in listed mainland Chinese logistics companies such as Deppon, to expand its integrated supply chain and freight capabilities in the domestic market.
Average Trading Volume: 8,831,020
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$76.35B
Find detailed analytics on 2618 stock on TipRanks’ Stock Analysis page.