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UPDATE 2-China Logistics says top shareholder in talks to sell controlling stake Netscape Gadgets & Tech

August 27, 2021
Source: netscape.com netscape.com
News Snapshot:
08/26/2021 16:21 (Recasts with China Logistics statement) Aug 26 (Reuters) - China Logistics Property Holdings Co said on Thursday its top shareholder was in talks to sell its controlling stake in the company to an undisclosed buyer, which could result in a takeover offer for the storage facilities manager. Earlier in the day, Bloomberg News reported that Chinese e-commerce giant JD.com Inc was in advanced discussions to acquire a controlling stake in China Logistics, citing people familiar with the matter. JD.com, which has an about 9.4% stake in China Logistics, did not respond to a Reuters request for comment. A...
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Tags: Bloomberg | chairman | China | Chinese | e-commerce | Giant | Hong Kong | international | investment | IT | JD | JD.com | KONG | logistics | management | news | property | Reuters | shareholder | shares | stock | storage | technology

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