JD Logistics, Inc. (HK:2618) has released an update.
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JD Logistics, Inc. is set to acquire the remaining 36.43% equity interest in Kuayue-Express, making it a wholly-owned subsidiary. This strategic move, valued at up to RMB6,484 million, is classified as a major transaction under Hong Kong’s Listing Rules, requiring shareholder approval. Investors should watch this development as JD Logistics strengthens its position in the logistics sector.
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