BEST Inc. Agrees to Sell its Express Business in China

PR Newswire2021-10-29

HANGZHOU, China, Oct. 29, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today ...

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精彩评论

Gaga71
2021-10-30
Gaga71
Why price drop? Can buy!
stardice
2021-10-29
stardice
Please help like and comment.. Thanks
- Gaga71:
  Ok
394c833a
2021-10-29
394c833a
Like
ZTPang
2021-10-29
ZTPang
Please like
ZTPang
2021-10-29
ZTPang
Okay
Leont
2021-10-29
Leont
Hi pls like me

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Agrees to Sell its Express Business in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-29 18:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/best-inc-agrees-sell-express-092300229.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HANGZHOU, China, Oct. 29, 2021 /PRNewswire/ -- BEST Inc. 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The sale does not include any of BEST's other businesses, namely, Supply Chain Management, Freight, Ucargo and Global. The consideration to be paid for the Business is subject to certain adjustments and conditions under the terms of a definitive agreement entered into by the parties. BEST currently expects to receive approximately RMB3.9 billion (US$0.6 billion) for the Business in cash.\n\nThis sale is subject to certain closing conditions and applicable regulatory approvals. The sale is currently expected to close in the first quarter of 2022.\nJohnny Chou, Founder, Chairman and Chief Executive Officer of BEST, commented, \"BEST operates with a vital and compelling mission in today's marketplace – to empower businesses and enrich society with a smarter, more efficient supply chain. Toward this end, we have made significant progress by leveraging technologies and innovating business models. 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A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST's goals and strategies; BEST's future business development, results of operations and financial condition; BEST 's ability to maintain and enhance its ecosystem; BEST 's ability to compete effectively; BEST 's ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; fluctuations in general economic and business conditions in China and other countries in which BEST operates, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.\nABOUT BEST INC.\nBEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management and last-mile services, truckload service brokerage, international logistics and financial services. BEST's mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. 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