JD Logistics to acquire remaining stake in Kuayue-Express

JD Logistics (HKEX: 2618) announced a major transaction to acquire the remaining 36.43% equity interest in Kuayue-Express Group Co., Ltd. for a total consideration not exceeding RMB6.484 billion. The acquisition, subject to independent shareholder approval at an extraordinary general meeting scheduled for April 8, 2025, aims to enhance synergy, streamline resources, and accelerate the Group’s growth. It involves a three-phase acquisition process with payments linked to Kuayue-Express's performance and adjustments for performance targets. The deal includes collateral measures to safeguard JD Logistics' interests. Once complete, the Target Group will become a wholly-owned subsidiary of the Company, with the board viewing the terms as fair, reasonable, and in the best interests of shareholders. Gram Capital is serving as the Independent Financial Adviser.