Dada Nexus Ltd - ADR

-0.37 (-1.60%)
Debt Financing / Related, Divestitures / Spin-offs, Equity Investments

JD And Dada Announce Equity Investment

Published: 03/22/2021 12:32 GMT
Dada Nexus Ltd - ADR (DADA) - Jd and Dada Announce Equity Investment.
Dada Nexus - Entered Share Purchase Agreement With Dada, Under Which Has Agreed to Invest Total of Us$800 Million in Newly Issued Ordinary Shares of Dada.
Dada Nexus Ltd - Has Agreed Not to Sell, Transfer Or Dispose of Any Shares Acquired in Transaction for Six Months After Closing.
Dada Nexus Ltd - Following Deal, Will Hold, Taking Into Account Its Existing Holding, About 51% of Dada's Issued and Outstanding Shares.