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Sept. 3, 2021, 5:15 a.m. EDT

JD.com near $1.9 billion takeover deal for China Logistics Property: report

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By Barbara Kollmeyer

China ecommerce group JD.com /zigman2/quotes/205122565/composite JD +0.73% /zigman2/quotes/208029283/delayed HK:1589 +0.48% could announce a deal as soon as Friday for a controlling stake in China Logistics Property /zigman2/quotes/208029283/delayed HK:1589 +0.48% , Bloomberg News reported, citing sources. The agreement would see JD.com buy stakes held by major shareholders in the logistics company, Chairman Li Shifa and RRJ Capital, paying around HK$4.35 per share and valuing the company at HK$15 billion ($1.9 billion). Neither company responded to requests by Bloomberg for comment. China Logistics shares closed at HK$4.05 on Wednesday, but did not appear to trade either Thursday or Friday.

/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 85.53
+0.62 +0.73%
Volume: 9.83M
Oct. 20, 2021 4:00p
P/E Ratio
25.19
Dividend Yield
N/A
Market Cap
$127.34 billion
Rev. per Employee
$343,125
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/zigman2/quotes/208029283/delayed
HK : Hong Kong
$ 4.20
+0.02 +0.48%
Volume: 2.97M
Oct. 20, 2021 4:08p
P/E Ratio
893.62
Dividend Yield
N/A
Market Cap
$14.37 billion
Rev. per Employee
$4.47M
loading...
/zigman2/quotes/208029283/delayed
HK : Hong Kong
$ 4.20
+0.02 +0.48%
Volume: 2.97M
Oct. 20, 2021 4:08p
P/E Ratio
893.62
Dividend Yield
N/A
Market Cap
$14.37 billion
Rev. per Employee
$4.47M
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