China's JD Logistics locks in $1.1 bln in capital raising (updated)

JD Logistics

25/03/2022 24:24

(Adds details of the deal)
    March 25 (Reuters) - China's JD Logistics  2618.HK  will
price its issue of new shares at HK$20.71 each to raise HK$8.53
billion ($1.09 billion), according to a Hong Kong Stock Exchange
filing on Friday.
    The deal consists of a placement of about $700 million worth
of shares to its parent company JD.com  9618.HK  and about $400
million in a primary share sale, according to the filings on
Thursday.
     The price set will apply to both tranches of the deal, a
term sheet for the transaction showed.
    The capital raising was priced at a discount of about 10% to
Thursday's closing price of HK$23. 
    ($1 = 7.8232 Hong Kong dollars)

 (Reporting by Scott Murdoch in Sydney and Indranil Sarkar in
Bengaluru; Editing by Lincoln Feast.)
 ((Scott.Murdoch@thomsonreuters.com;))