J&T Global Express Tightens Grip on Key Subsidiaries With US$1.06 Billion Buyout Deals

J&T Global Express Limited ( (HK:1519) ) just unveiled an announcement.

J&T Global Express Limited has moved to consolidate its control over key subsidiaries by entering into share transfer agreements to acquire additional stakes in Jet Global and JNT Express KSA. Through one agreement, its subsidiary Onwing Global will purchase about 36.99% of Jet Global for up to US$950 million, leaving Jet Global as a consolidated subsidiary. In a parallel deal, J&T KSA will buy approximately 46.55% of JNT Express KSA from eWTP for up to US$106 million, resulting in JNT Express KSA becoming an indirectly wholly owned subsidiary of the group. The transactions, triggered as an alternative to previously granted investor exit rights, are classified as discloseable under Hong Kong listing rules but do not require shareholder approval, and they strengthen J&T Global Express’s ownership and control over its international operations while maintaining full consolidation of these businesses in its financial results.

The most recent analyst rating on (HK:1519) stock is a Buy with a HK$13.40 price target. To see the full list of analyst forecasts on J&T Global Express Limited stock, see the HK:1519 Stock Forecast page.

More about J&T Global Express Limited

J&T Global Express Limited is a Cayman Islands-incorporated logistics group operating through subsidiaries such as Jet Global and JNT Express KSA, focusing on express delivery and related services across international markets. The company is listed in Hong Kong and structures parts of its business through non-wholly owned subsidiaries that it consolidates into its financial statements.

Average Trading Volume: 21,472,280

Technical Sentiment Signal: Buy

Current Market Cap: HK$95.16B

For detailed information about 1519 stock, go to TipRanks’ Stock Analysis page.