According to the Hong Kong Stock Exchange, on the evening of April 27, De Well Holdings Limited submitted a listing application to the Hong Kong Stock Exchange, with Citi and CICC as joint sponsors. According to the documents, the company is a service provider of end-to-end cross-border supply chain solutions in China, which mainly includes maritime logistics, air logistics and performance value-added services. On September 14, 2021, the Company received an investment of US$6,722.55 from Cainiao, an indirect non-wholly-owned subsidiary of Alibaba. As at the date of this document, Cainiao has a 29.50% interest in its issued shares.
