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An announcement from JD Logistics, Inc. ( (HK:2618) ) is now available.
JD Logistics, Inc. has announced a revision of pricing policies and an increase in annual caps for its Supply Chain Solutions and Logistics Services Framework Agreement with JD.com. This adjustment is in response to the anticipated growth in business needs from the JD Group, necessitating a higher capacity for integrated supply chain solutions and logistics services. The revised agreement, which involves continuing connected transactions due to JD.com’s significant shareholding, requires approval from independent shareholders and compliance with listing rules. An Extraordinary General Meeting (EGM) will be convened for this purpose, with JD.com abstaining from the vote.
The most recent analyst rating on (HK:2618) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on JD Logistics, Inc. stock, see the HK:2618 Stock Forecast page.
More about JD Logistics, Inc.
JD Logistics, Inc. operates in the logistics and supply chain industry, providing integrated supply chain solutions and logistics services. Its offerings include warehouse operations, storage services, transportation and delivery services, after-sales and maintenance services, and cash on delivery services, catering primarily to the JD Group and its associates.
Average Trading Volume: 15,664,080
Technical Sentiment Signal: Sell
Current Market Cap: HK$84.32B
For an in-depth examination of 2618 stock, go to TipRanks’ Overview page.