Hong Kong entrepreneur and logistics tycoon Liu Shiyou According to rumors, it is rumored to consider selling the logistics holding group Jiahong Shipping. The valuation of these assets may exceed 1 billion US dollars (below, about 1.339 billion yuan).
According to Bloomberg News on Tuesday (March 21), a person familiar with the matter reported that Liu Shiyou had a preliminary talks with Global Logistics Corporation and other potential buyers on sale of Jiahong Shipping.These transactions may involve sporadic transactions of all assets or different companies. At present, Liu Shiyou has not made a decision, and it may not be traded in the end.
Liu Shiyou founded Jiahong Shipping in 1989.The official website shows that the company has conducted business in more than 40 countries, with more than 9,000 employees.Business includes shipping and freight services, retail solutions technology, food, cold chain and fashion logistics.
Liu Shiyou's logistics empire, including Jiahong Logistics Holdings, who listed in Hong Kong, holds most of the company's equity and is also an executive director of the company.Jiahong Logistics has fallen by 4.4%this year, with a market value of about 282 million US dollars.
Liu Shiyou said in an email that in the past 15 years, buyers who are interested in Jiahong Shipping have always been in contact with him.Liu Shiyou added that he has not made the final decision, but the valuation of the business is much higher than his expectations.He also refused to comment further.
