FILE PHOTO: An autonomous delivery robot is displayed at the booth of JD Logistics, the delivery arm of JD.com, during World Robot Conference 2021 in Beijing, China, September 10, 2021. REUTERS/Tingshu Wang
March 25, 2022
(Reuters) -China’s JD Logistics will price its issue of new shares at HK$20.71 each to raise HK$8.53 billion ($1.09 billion), according to a Hong Kong Stock Exchange filing on Friday.
The deal consists of a placement of about $700 million worth of shares to its parent company JD.com and about $400 million in a primary share sale, according to the filings on Thursday.
The price set will apply to both tranches of the deal, a term sheet for the transaction showed.
The capital raising was priced at a discount of about 10% to Thursday’s closing price of HK$23.
($1 = 7.8232 Hong Kong dollars)
(Reporting by Scott Murdoch in Sydney and Indranil Sarkar in Bengaluru; Editing by Lincoln Feast.)
