Announced
Financials
Tags
Domestic
China
Single Bidder
Private Equity
Public
Friendly
Pending
logistics facility
Minority
Freight Forwarding
Acquisition
Synopsis
JD.com, a Chinese e-commerce giant, agreed to acquire a 26.38% of a stake in China Logistics Property Holdings, a logistics infrastructure and service provider, from Yupei International, an investment enterprise, for $513.45m. The acquisition will take JD.com's stake in China Logistics Property Holdings to 35.8%, resulting the company to make a buyout offer of a whole company under the Rule 26.1 of Hong Kong Takeover Code.
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