Brief: JD And Dada Announce Equity Investment

Dada Nexus

22/03/2021 12:27

March 22 (Reuters) - Dada Nexus Ltd  DADA.O :
    * JD AND DADA ANNOUNCE EQUITY INVESTMENT
    * DADA NEXUS - ENTERED SHARE PURCHASE AGREEMENT WITH DADA,
UNDER
WHICH JD.COM HAS AGREED TO INVEST TOTAL OF US$800 MILLION IN
NEWLY ISSUED ORDINARY SHARES OF DADA
    * DADA NEXUS LTD - JD.COM HAS AGREED NOT TO SELL, TRANSFER
OR
DISPOSE OF ANY SHARES ACQUIRED IN TRANSACTION FOR SIX MONTHS
AFTER CLOSING
    * DADA NEXUS LTD - FOLLOWING DEAL, JD.COM WILL HOLD, TAKING
INTO
ACCOUNT ITS EXISTING HOLDING, ABOUT 51% OF DADA'S ISSUED AND
OUTSTANDING SHARES

Source text for Eikon:  ID:nGNX7TdRsM 
Further company coverage:  DADA.O 

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