The announcement shows that the completion of this transaction is limited by a number of completion conditions and procedures (including regulatory approval). Upon completion, Jingdong Intelligent Industry Development Group and its concerted parties will own 654.38+286 million shares of China Logistics Assets, accounting for about 37.02% of the issued share capital of China Logistics Assets.
The announcement also mentioned that, according to the Cayman Islands Company Law (Revised Edition 202 1) and the Code of Takeover and Merger of Hong Kong Companies, if Jingdong Intelligent Industry Development Group obtains effective acceptance of not less than 90% of the offered shares and not less than 90% of the interest-free shares within four months after the issuance of the comprehensive offer document, Jingdong Intelligent Industry Development Group will exercise the right of forced extrusion and privatize China logistics assets, and then China Logistics Assets will become a wholly-owned subsidiary of Jingdong Intelligent Industry Development Group.
According to the data, China Logistics Assets was established in 2000 and is headquartered in Shanghai, China. It is a logistics infrastructure development platform invested by JD.COM, Yu Pei International and RRJ Capital, and it is also one of the largest logistics infrastructure developers and operators in China. Its business covers the design, development, leasing, operation and management of logistics infrastructure, and it has 38 logistics parks located in the logistics hub of 19 province or municipality directly under the central government.