Deppon Logistics is seeking to delist from Shanghai Stock Exchange to adapt to industry trends and more efficiently integrate with the resources of shareholder JD.com’s own logistics arm, a stock exchange filing showed on Tuesday.
JD.com subsidiary JD Logistics acquired Deppon in 2022. It now owns a 79.59% stake in Deppon and is the courier’s actual controller, the filing showed.
JD Logistics will offer to buy Deppon shares from other shareholders at 19 yuan ($2.72) per share, a separate filing showed.
($1 = 6.9746 Chinese yuan renminbi)
Reuters
