By Michele Maatouk
Date: Friday 03 Sep 2021
LONDON (ShareCast) - (Sharecast News) - Chinese online retailer JD.com said on Friday that its subsidiary, JD Property, has agreed to buy a controlling stake in China Logistics in a $2.1bn deal.
JD Property Group will buy a 26.4% stake for HK$4.35 per share from the company's largest shareholder, Yupei International Investment Management.
The acquisition will take JD.com's stake in China Logistics to around 35.8%, making it mandatory under Hong Kong takeover rules for JD to make an offer for the whole company.
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Currency | US Dollars |
Share Price | $ 33.42 |
Change Today | $ -0.28 |
% Change | -0.82 % |
52 Week High | $47.08 |
52 Week Low | $24.45 |
Volume | 1,683,070 |
Shares Issued | 2,756.46m |
Market Cap | $92,107m |
RiskGrade | 258 |
Strong Buy | 15 |
Buy | 13 |
Neutral | 1 |
Sell | 0 |
Strong Sell | 1 |
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Time | Volume / Share Price |
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10:11 | 100 @ $33.42 |
10:11 | 100 @ $33.42 |
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