10:56 AM EST, 12/06/2024 (MT Newswires) -- JD.com ( JD ) said in a regulatory filing Friday that its subsidiary JD Logistics has agreed to acquire the remaining 36.43% equity in Kuayue-Express for up to 6.48 billion renminbi ($891.6 million).

JD Logistics currently holds 63.57% equity interest in Kuayue-Express and will take full ownership of Kuayue after the transaction is completed, JD.com ( JD ) said.

The transaction is subject to adjustments and customary conditions, JD.com ( JD ) added.

JD.com ( JD ) shares were up 3.8% in recent trading.

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