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Benzinga
Benzinga
Business
Shivani Kumaresan

JD Logistics Plans To Raise $1.1B From New Shares

JD JD Logistics Nasdaq
  • JD.Com Inc (NASDAQ:JD) subsidiary JD Logistics plans to raise $1.1 billion through a share placement and subscription agreement.
  • JD Logistics intends to enter into a subscription agreement with its parent company JD.Com for a $700 million share placement (JDL Subscription).
  • JD Logistics plans to raise $400 million from an equity offering (JDL Placement).
  • The proposed JDL Placement and JD Subscription will be subject to the execution of definitive transaction documents.
  • Price Action: JD shares are trading lower by 5.90% at $60.50 on the last check Thursday.
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