JD.com near $1.9 billion takeover deal for China Logistics Property: report

China ecommerce group JD.com could announce a deal as soon as Friday for a controlling stake in China Logistics Property , Bloomberg News reported, citing sources. The agreement would see JD.com buy stakes held by major shareholders in the logistics company, Chairman Li Shifa and RRJ Capital, paying around HK$4.35 per share and valuing the company at HK$15 billion ($1.9 billion). Neither company responded to requests by Bloomberg for comment. China Logistics shares closed at HK$4.05 on Wednesday, but did not appear to trade either Thursday or Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

JD.com near $1.9 billion takeover deal for China Logistics Property: report
China ecommerce group JD.com could announce a deal as soon as Friday for a controlling stake in China Logistics Property , Bloomberg News reported, citing sources. The agreement would see JD.com buy stakes held by major shareholders in the logistics company, Chairman Li Shifa and RRJ Capital, paying around HK$4.35 per share and valuing the company at HK$15 billion ($1.9 billion). Neither company responded to requests by Bloomberg for comment. China Logistics shares closed at HK$4.05 on Wednesday, but did not appear to trade either Thursday or Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.