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JD Logistics, Inc. ( (HK:2618) ) has provided an update.
JD Logistics plans to delist its consolidated subsidiary Deppon from the Shanghai Stock Exchange, with its wholly owned subsidiary Suqian Jingdong Zhuofeng, an indirect controlling shareholder of Deppon, proposing a voluntary withdrawal of Deppon’s shares subject to approval at a general meeting and by the Shanghai Stock Exchange. As part of the deal, another wholly owned JD Logistics unit will extend a cash option at RMB19.0 per share to acquire up to 19.76% of Deppon’s remaining shares from minority investors, implying a transaction value of about RMB3.8 billion if fully exercised; the move, which would increase JD Logistics’ ownership from about 80% and potentially pave the way for full control and privatisation of Deppon, is classified as a discloseable transaction in Hong Kong and may affect minority shareholder liquidity, pending regulatory and shareholder approvals.
The most recent analyst rating on (HK:2618) stock is a Buy with a HK$14.50 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 China-based logistics and supply chain solutions provider listed in Hong Kong, offering integrated warehousing, transportation and delivery services. Through acquisitions such as that of Deppon Group, the company has expanded its presence in less-than-truckload, freight and integrated logistics services across mainland China, strengthening its role in the broader e-commerce and industrial logistics ecosystem.
Average Trading Volume: 8,787,290
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$77.22B
Learn more about 2618 stock on TipRanks’ Stock Analysis page.