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  • CJ Express Korea to acquire 50% stake in Chinese logistics firm for JV
    CJ Express Korea to acquire 50% stake in Chinese logistics firm for JV
    CJ Korea Express (000120) announced on July 29 that its Chinese holding company CJ Korea Express (China) Investment will acquire 50 percent stake of Chinese logistics company Shenzen Speedex Commercial Service at 81.1 billion won (US$72.09 million). This amounts to 3.42 percent of its equity capital.The rest is owned by its previous largest shareholder TCL, an electronics company in China. TCL and CJ will establish ...
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CJ Express Korea to acquire 50% stake in Chinese logistics firm for JV

July 29, 2016 - 16:59 By 황유미
[DISCLOSURE] CJ Korea Express (000120) announced on July 29 that its Chinese holding company CJ Korea Express (China) Investment will acquire 50 percent stake of Chinese logistics company Shenzen Speedex Commercial Service at 81.1 billion won (US$72.09 million). This amounts to 3.42 percent of its equity capital.

The rest is owned by its previous largest shareholder TCL, an electronics company in China. TCL and CJ will establish a joint venture. The due date for acquisition is Aug. 31.
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