Deppon Logistics Attracts Yunda Express as A Strategic Investor

On January 25, 2021, Deppon Logistics announces that Yunda Express has become a strategic investor of the co company. The company plans to raise up to CNY 614 million with an issue price of CNY 9.20 per share. According to a person who is familiar with this thing, among the investment, 82% will be used for the upgrade of intelligent equipment in the logistics center, and 18% is planned to be used for the construction of the IT system. After the issuance, Yunda is expected to hold 6.5% of Deppon Logistics, becoming the second-largest shareholder of the company.

 According to the announcement, the two companies will carry out in-depth cooperation in market expansion, network optimization, and centralized procurement areas. Furthermore, cooperating with Yunda Express is expected to generate a strong synergy with Deppon Logistics, and form a win-win relationship.

 Stimulated by the bullish news, as of January 26, 2020, Yunda shares rises 10.92% to CNY 17.61 in two trading days, and its market value reaches CNY 55 billion.