BEST Global Partners to acquire BEST Inc. in a 'Going Private' transaction
06/20/24, 7:08 AM
Location
Industry
supply chain management
logistics
BEST Inc., a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, has entered into a definitive agreement for a 'Going Private' transaction with BEST Global Partners, implying an equity value of approximately US$54.2 million.
Company Info
Location
Cayman Islands
Company info
BEST Global Partners is an exempted company with limited liability incorporated under the laws of the Cayman Islands. It is the parent company that is leading the acquisition of BEST Inc. and will become the indirect, wholly owned subsidiary of Parent, which will be owned by the Consortium members including Mr. Shao-Ning Johnny Chou, Mr. George Chow, Alibaba Investment Limited, and others.