Jingdong Zhuofeng's Acquisition of Debon Holdings Update and Details

TapTechNews August 3rd news, Debon Holdings released an announcement yesterday. Jingdong Zhuofeng has already acquired and held 91,316,749 shares of Debon Holdings (accounting for 97.2751% of the total share capital) in accordance with the relevant transaction documents. By accepting the voting rights entrustment, the shares of Debon Holdings with voting rights are 2,558,019 shares (accounting for 2.7249% of the total share capital), The total shares of Debon Holdings with voting rights held by Jingdong Zhuofeng are 93,874,768 shares (accounting for 100.0000% of the total share capital).

The announcement shows that on March 11, 2022, Cui Weixing and Xue Xia, who once held shares of Debon Logistics Co., Ltd. indirectly through Ningbo Meishan Bonded Port Debon Investment Holding Co., Ltd., and the then directors, supervisors, senior management personnel of Debon Holdings and a total of 153 natural persons and institutional shareholders other than the aforementioned founding shareholders and transferors of directors, supervisors and senior management of Debon Holdings signed share transfer agreements and other transaction documents with Suqian Jingdong Zhuofeng Enterprise Management Co., Ltd. respectively, stipulating that Jingdong Zhuofeng will acquire the target company's shares in accordance with the arrangements of the relevant transaction documents.

According to the arrangements of the relevant transaction documents, Jingdong Zhuofeng continues to acquire the remaining 2,558,019 shares held by Cui Weixing (accounting for 2.7249% of the total share capital of the target company). As of July 31, 2024, the above shares held by Cui Weixing have been completed the share transfer registration procedures at Guangzhou Property Rights Exchange Co., Ltd. After the transfer is completed, Jingdong Zhuofeng holds 93,874,768 shares of Debon Holdings (accounting for 100.0000% of the total share capital of Debon Holdings).

The announcement stated that this change in the equity structure of the company's controlling shareholder, Debon Holdings, will not lead to changes in the company's controlling shareholder and actual controller.

According to TapTechNews' previous report, in March 2022, Jingdong Logistics announced the acquisition of 99.99% of the equity interest of Debon Holdings at 8.976 billion yuan, accounting for about 66.49% of the issued share capital of Debon. The two sides will carry out in-depth strategic cooperation in the fields of express delivery, cross-border, warehousing and supply chain, etc.

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