JD Logistics Plans To Raise $1.1B From New Shares

• JD.Com Inc (NASDAQ:JD) subsidiary JD Logistics plans to raise $1.1 billion through a share placement and subscription agreement.
• JD Logistics intends to enter into a subscription agreement with its parent company JD.Com for a $700 million share placement (JDL Subscription).
• JD Logistics plans to raise $400 million from an equity offering (JDL Placement).
• The proposed JDL Placement and JD Subscription will be subject to the execution of definitive transaction documents.
• Price Action: JD shares are trading lower by 5.90% at $60.50 on the last check Thursday.