M&A Mode of Extreme Rabbit's Acquisition of Baishi

Mixed merger and acquisition model. Extreme Rabbit Express and Baishi Group * * * announced that they have reached a strategic cooperation intention, and Extreme Rabbit Express will acquire the China express business of Baishi Group for about 6.8 billion RMB. Best Express has many years of industry experience and excellent franchisee resources. However, Baishi has no financial support, and Extreme Rabbit has funds, but there are no excellent express site resources. The complementary advantages of this acquisition can optimize the terminal network layout of both parties in China market, promote the refined network operation, provide better services to customers and promote the healthy and benign growth of the industry. Therefore, it is a mixed acquisition method.