中物流地产获京东集团-SW 16亿美元收购要约

11:36 PM EST, 02/03/2022 (MT Newswires) -- Shareholders of China Logistics Property Holdings or CNLP (HKG:1589) have until Feb. 25 to accept a roughly HK$12.2 billion ($1.6 billion) takeover offer from JD.com (HKG:9618).

The buyout was triggered after JD.com, through its real estate arm JD Property, boosted its stake in storage facilities leasing firm CNLP to 37.02% from 10.64%, requiring it to launch a takeover under Hong Kong laws.

Under the takeover bid, JD.com will pay HK$4.35 in cash per share. The buyout also includes the redemption of CNLP's two series of convertible bonds due in 2024 and 2025.

The e-commerce giant is offering HK$1.45 million in cash for every HK$1 million par value of CNLP's 2024 convertible bonds and HK$1.41 million for every HK$1 million face value of the 2025 convertible bonds.

JD.com said it intends to privatize CNLP if the acceptance level in the takeover offer reaches the prescribed threshold for compulsory acquisition, according to a late Thursday disclosure.