Jingdong Group intends to split the two subsidiaries of its two subsidiaries from JD GroupHong Kong ’s first independent public offering (IPO), which is one of the largest listing transactions for China Technology Corporation this year.
According to the announcement of the Hong Kong Exchange, JD Group intends to split Jingdong Industry and JD Industry to be listed independently in the Hong Kong Stock Exchange. Both subsidiaries are submitted to the Hong Kong Stock Exchange on Thursday (March 30).Application for listing.Both companies did not disclose the scale, valuation or price of financing.
According to the announcement, after the proposed spin -off is completed, JD Group will continue to indirectly hold more than 50%of JD production and JD Industry. The two companies will still be the subsidiary of Jingdong Group.
According to Bloomberg, JD Group's competitors Alibaba announced on Tuesday (28th) that the group business has been split into six subsidiaries.The market is expected to reproduce the IPO boom of Chinese technology companies.
The two subsidiaries under Jingdong Group have become the latest Chinese companies that choose to go public in Hong Kong instead of listing in the United States.With the increasing review of the U.S. and Chinese companies, coupled with Beijing's concerns about the security of Chinese enterprises in the United States, to promote the decoupling of markets of the two world's largest economies in the world.
Announcement introduced that JD.com was registered on January 19, 2012 in the Cayman Islands.In this announcement date, JD.com holds approximately 74.96%of the total issued shares issued by JD.com through its wholly -owned subsidiaries.JD.com is a modern infrastructure development and management platform, mainly including logistics parks, industrial parks and others.JD.com provides customized, comprehensive and intelligent infrastructure solutions, and expand its customer group to new economic industries such as third -party logistics, e -commerce, manufacturing, and retail.The company's domestic business covers 29 provinces. There are 25 overseas infrastructure projects in Southeast Asia and Europe, and the total area of the park is more than 20 million square meters.
Jingdong Industry was established on November 5, 2019 in the Cayman Islands.In this announcement date, JD.com holds approximately 77.95%of JD Industry's total share capital through its wholly -owned subsidiary.JD Industry is an industrial supply chain technology and service provider.By practicing the digitalization of reform, full -link industrial supply chain, JD Industry helps customers to achieve confession, cost reduction and efficiency.In 2022, the company served more than 100,000 industrial manufacturing related plants including automobiles, machinery and equipment, electronic product assembly and other fields, and participated in more than 16,000 engineering construction projects.
