Kuries wrote a post · Nov 6, 2023 20:41

BEST Receives Buyout Offer from Consortium Formed by Alibaba, Cainiao & Others

$BEST Inc(BEST.US)$ announced that the board of directors of the company received a preliminary non-binding proposal letter from the firm's founder, chairman and CEO Shao-Ning Johnny Chou, which contains a preliminary buyout offer from a consortium formed by investors including $BABA-SW(09988.HK)$ , Cainiao and Johnny Chou himself.

The consortium proposed to acquire all outstanding shares in BEST at US$0.144 per ordinary share, or US$2.88 per American Depositary Share (ADS).

$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $Alibaba(BABA.US)$ $Hang Seng TECH Index(800700.HK)$ $China Concept Stocks(BK2517.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

9994 Views

Comment

Kuries

508Followers

6Following

3340Visitors