The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express regulatory departments, express delivery operators, media practitioners, express upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan)
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| Express Ecosystem Investment Group
After two and a half years, the market value of Shentong fell below 10 billion again, hitting a record low!
The market is extremely cruel, on February 2, Shentong Express's share price hit a record low again, the stock price fell to 6.35 yuan per share, and the market value was as low as 9.7 billion yuan.
As of the close of trading on February 2, the company's latest market capitalization was 10.1 billion.
On July 28, 2021, the share price of Shentong Express fell to 6.44 yuan per share, falling below the historic mark of 10 billion yuan for the first time.
Shentong, Cainiao, PICC, Pacific Insurance and China Chengxin jointly established a private equity fund with a scale of 1.7 billion
Shentong Express: "Pay attention to market value management"? The market value has once again come to the "critical point" of 10 billion, can it be kept this time?
On the evening of February 2, 2024, Shentong Express announced that Shanghai Shencher Supply Chain Management Co., Ltd., a wholly-owned subsidiary of the company, and Shanghai Baili Logistics Co., Ltd., a subsidiary of the company, together with Zhongcheng Capital Management (Beijing) Co., Ltd., Taiping Capital Insurance Asset Management Co., Ltd. (on behalf of Taiping Capital-Cainiao Network High Standard Warehouse Equity Investment Plan), PICC Capital Insurance Asset Management Co., Ltd. (on behalf of PICC Capital-Cainiao Logistics High Standard Warehouse Equity Investment Plan) and related parties Zhejiang Cainiao Supply Chain Management Co., Ltd., Jiaxing Baocang Equity Investment Partnership (Limited Partnership), co-established by Hangzhou Youlu Enterprise Management Co., Ltd., has completed the industrial and commercial registration procedures on February 1, 2024, and obtained the "Business License" issued by the Administrative Examination and Approval Bureau of Nanhu District, Jiaxing City.
The capital contribution of Jiaxing Baocang is 100 million yuan, and the executive partners are Hangzhou Youlu Enterprise Management Co., Ltd. and Zhongcheng Capital Management (Beijing) Co., Ltd.
On October 30, 2023, Shentong Express announced that its wholly-owned subsidiary, Shanghai Shenche Supply Chain Management Co., Ltd. (hereinafter referred to as "Shentong Shencher"), and its subsidiary, Shanghai Baili Logistics Co., Ltd. (hereinafter referred to as "Shentong Baili"), as limited partners, respectively contributed 150 million yuan to Zhongcheng Capital Management (Beijing) Co., Ltd. (hereinafter referred to as "Zhongcheng Capital") and Taiping Capital Insurance Asset Management Co., Ltd. (hereinafter referred to as "Taiping Capital") (on behalf of Taiping Capital-Cainiao Network High Standard Warehouse Equity Investment Plan), PICC Capital Insurance Asset Management Co., Ltd. (hereinafter referred to as "PICC Capital") (on behalf of PICC Capital-Cainiao Logistics High Standard Warehouse Equity Investment Plan) and related parties Zhejiang Cainiao Supply Chain Management Co., Ltd. (hereinafter referred to as "Zhejiang Cainiao") and Hangzhou Youlu Enterprise Management Co., Ltd. (hereinafter referred to as "Hangzhou Youlu") Jiaxing Baocang Equity Investment Partnership (Limited Partnership) (tentative name, subject to the name of industrial and commercial registration, hereinafter referred to as "Jiaxing Baocang", "the Partnership" or "Fund") with a fund size of RMB 1.7 billion, which mainly invests in certain project companies (hereinafter referred to as the "Project Companies") located in the PRC that are currently held by Cainiao Fang1 and/or its designated affiliates and mainly leased by Shentong Fang2 or its affiliates.
1 Cainiao Party: refers to Zhejiang Cainiao and its related persons, including Hangzhou Youlu and its designated general partner and executive partner of the shareholding platform in the form of limited partnership (and such persons shall be Hangzhou Youlu or Hangzhou Youlu's related persons) and Cainiao limited partners.
Cainiao Limited Partner: refers to Zhejiang Cainiao, and if the aforesaid Cainiao Limited Partner transfers the partnership interests held by him to his affiliates, it also includes the transferee of such partnership interests.
2. Shentong Party: refers to the single name or collective name of Shentong Baili and/or Shentong Shenche.
Investment direction
Principally invests in certain project companies currently held by Cainiao Fang and/or its designated related persons and principally leased by including but not limited to Shentong Fang or its related persons in the PRC, namely the project companies holding Gu'an Phase I, Zhengzhou Phase IV, Jinan Phase II4 and Hefei Jingkai Properties. The Partnership's investment in the Project Company and the Property shall remain subject to the final decision of the Investment Decision Committee (the "Investment Committee"), and the listing of such Project Company and Property does not mean that the Partnership will be able to complete the investment in the Project Company and the Property.
Investment Purpose
The establishment of funds in cooperation with professional investment institutions is in line with the company's development strategy and investment direction, and on the premise of ensuring the steady development of the company's main business, it will help accelerate the implementation of the company's development strategy, promote the benign interaction between the company's industrial operation and capital management, optimize the company's asset and liability structure, and enhance the company's core competitiveness.
June 5, 2023
Shentong Express received a notice from Shanghai Dee Industrial Development Co., Ltd. (hereinafter referred to as "Dee Industrial"), a shareholder of the Company, that Dee Industrial and Zhejiang Cainiao Supply Chain Management Co., Ltd. (hereinafter referred to as "Cainiao Supply Chain") have signed the Share Transfer Agreement on Shentong Express Co., Ltd. (hereinafter referred to as the "Share Transfer Agreement" or "this Agreement"), and Dee Industrial intends to transfer its 382,700,542 Shentong Express to Cainiao Supply Chain by way of agreement transfer unrestricted tradable shares, representing 25.00% of the total share capital of Shentong Express (as of June 5, 2023).
Cainiao Network Technology Co., Ltd. holds 100% of the equity of Cainiao Supply Chain and is the controlling shareholder of Cainiao Supply Chain. Cainiao Network Technology Co., Ltd., the controlling shareholder of Cainiao Supply Chain, is a company controlled by Alibaba Group Holding Limited through relevant shareholding entities, and Cainiao Supply Chain is an enterprise within Alibaba Group.
On December 27, 2022, Alibaba Network signed the "Extension Agreement of the Second Amended and Restated Share Option Agreement" with Deyin Investment, Chen Dejun and Chen Xiaoying, stipulating that Alibaba Network or its designated third party has the right to issue written notice to Deyin Investment, Chen Dejun and Chen Xiaoying from the effective date of the agreement to December 27, 2025 (inclusive) to purchase: (1) 100% of the equity interest of Derun 2 or 4.9% of the equity held by Derun 2 at that time and (2) 100% equity interest in the Company or 16.1% equity interest in the Company held by Gong Zhirun (subject to applicable PRC law, as the case may be) (the "Share Options").
Express ecosystem
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The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express supervision departments, express logistics operators, media practitioners, express logistics upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan.
illustrate
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