Brief: JD.com Announces JD Logistics' Financing

JD Logistics

24/03/2022 23:47

March 24 (Reuters) - Jd.Com Inc  9618.HK :
    * JD.COM ANNOUNCES JD LOGISTICS’ FINANCING
    * JD LOGISTICSINC AGREED TO ISSUE 150,500,000 OF ITS
ORDINARY
SHARES TO A GROUP OF THIRD-PARTY INVESTORS
    * JD.COM - UPON COMPLETION OF JDL PLACEMENT & JD
SUBSCRIPTION,
JD.COM, THROUGH JD ENTITY, WILL MAINTAIN ITS SHAREHOLDING IN JD
LOGISTICS @APPROX. 63.5%
    * JD.COM -  CONCURRENTLY, JD.COM, THROUGH ITS WHOLLY-OWNED
SUBSIDIARY (THE “JD ENTITY”), HAS ENTERED INTO A SUBSCRIPTION
AGREEMENT WITH JD LOGISTICS
    * JD.COM - JD ENTITY TO SUBSCRIBE FOR, AND JD LOGISTICS
AGREED TO
ISSUE, 261.4 MILLION ORDINARY SHARES OF JDL, AT SAME PER SHARE
PRICE FOR JDL PLACEMENT
    * JD LOGISTICS PLACING AGREEMENT'S TOTAL PURCHASE PRICE IS
OF
APPROX US$398 MILLION
    * JD.COM - TOTAL PURCHASE PRICE FOR JD SUBSCRIPTION IS ABOUT
US$692 MILLION IN CASH

Source text for Eikon:  ID:nGNX4ZZ25J 
Further company coverage:  9618.HK 

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