JD.com: Completing the mandatory acquisition of China's logistics assets

JD.com announced today on the Hong Kong Stock Exchange that JD.com Group Co., Ltd. (the "Company") announced today that JD. The company has completed the mandatory acquisition of China Logistics Assets Holdings Limited ("China Logistics Assets"), the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEx"), and all remaining shares of China Logistics Assets have been transferred Produced by Jingdong.

China Logistics Assets is mainly engaged in leasing warehousing facilities and related management services in China. According to Article 88 of the Companies Law of the Cayman Islands, since the valid acceptance received by JD. Sexual acquisition of shares in China's logistics assets that have not been acquired by JD.com (the "Compulsory Acquisition"). As a result, China Logistics Assets has become a wholly-owned subsidiary of JD.com.

The Hong Kong Stock Exchange has approved the delisting of the shares of China Logistics Assets from the Hong Kong Stock Exchange in accordance with Rule 6.15(1) of the Listing Rules. The last trading day of China Logistics Assets shares on the Hong Kong Stock Exchange is 24 June 2022, and the shares of China Logistics Assets will be delisted from the Hong Kong Stock Exchange starting from 9:00 a.m. on Friday, July 15, 2022.

In addition, China Logistics Assets intends to repurchase and cancel all of its HK$1,109,000,000 6.95% convertible bonds due 2024 listed on the Hong Kong Stock Exchange on or around 18 July 2022 (the “2024 Convertible Bonds” ), which will apply to the Hong Kong Stock Exchange for the delisting of the 2024 Convertible Bonds from the Hong Kong Stock Exchange. The 2024 Convertible Bonds will remain listed on the Hong Kong Stock Exchange until delisting.

The official website of China Logistics Assets shows that CNLP is a logistics infrastructure development platform jointly invested by Yupei International, RRJ Capital, and JD.com in China.

Founded in 2000 and headquartered in Shanghai, China, the company is one of the largest domestic logistics infrastructure developers and operators in China. Its business covers the design, development, leasing, operation, and management of logistics infrastructure, and mainly serves production, Customers in retail, e-commerce, and logistics services. As of December 2020, CNLP managed and operated 65 logistics parks in 45 cities in China, with a logistics asset portfolio (including under construction and pending development) of over 6,200,000 square meters, forming an efficient logistics network covering major logistics hub cities in China Facility network.

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