JD Property Management: JD.com Nears Deal To Acquire China Logistics

JD.com Inc (NASDAQ: JD) subsidiary, JD Property, agreed to acquire a 26.4% stake in China Logistics Property Holdings at a valuation of $2.1 billion (HK$16.4 billion), Bloomberg reports. The proposed offer price of $513.45 million (HK$3.99 billion) or HK$4.35 per ...Full story available on Benzinga.com