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JD.com Inc (NASDAQ: JD) subsidiary, JD Property, agreed to acquire a 26.4% stake in China Logistics Property Holdings at a valuation of $2.1 billion (HK$16.4 billion), Bloomberg reports. The proposed offer price of $513.45 million (HK$3.99 billion) or HK$4.35 per share represents a premium of 7.4% above the company’s Wednesday closing price of HK$4.05, as per the Reuters report.
...read full article on Benzinga
