Dada Nexus' Shareholders Approve Merger With JD Sunflower Investment

Trading View
2025.06.10 14:48
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Dada Nexus said Tuesday its shareholders have approved the company's previously announced proposed merger with JD.com's JD Sunflower Investment unit. Under the terms of the merger, Dada Nexus will become a wholly-owned unit of JD Sunflower Investment, the company said, adding that it will become a privately-held company upon merger completion. The deal was first announced on April 1. DADA and JD shares were down 1% and 1.1%, respectively, in recent trading.

Dada Nexus said Tuesday its shareholders have approved the company's previously announced proposed merger with JD.com's JD Sunflower Investment unit.

Under the terms of the merger, Dada Nexus will become a wholly-owned unit of JD Sunflower Investment, the company said, adding that it will become a privately-held company upon merger completion.

The deal was first announced on April 1.

DADA and JD shares were down 1% and 1.1%, respectively, in recent trading.

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