Jayud Logistics Terminates Qingdao Oranda Acquisition

TL;DR

Jayud calls off Qingdao Oranda deal, deal dead.

AI Summary

Jayud Global Logistics Limited announced on October 15, 2024, the termination of its acquisition of Qingdao Oranda Supply Chain Management Co., Ltd. The acquisition was initially announced on January 23, 2024, with Shenzhen Jayud Logistics Technology Co., Ltd., a subsidiary of Jayud, being the party involved in the transaction.

Why It Matters

This termination indicates a change in Jayud's strategic expansion plans, potentially impacting its market position and future growth trajectory in the supply chain management sector.

Risk Assessment

Risk Level: medium — The termination of an acquisition can signal underlying issues with the deal's feasibility, due diligence, or strategic fit, potentially impacting investor confidence.

Key Players & Entities

• Jayud Global Logistics Limited (company) — Registrant
• Qingdao Oranda Supply Chain Management Co., Ltd. (company) — Target of acquisition
• Shenzhen Jayud Logistics Technology Co., Ltd. (company) — Subsidiary involved in acquisition
• January 23, 2024 (date) — Date of initial acquisition announcement
• October 15, 2024 (date) — Date of termination announcement

FAQ

Filing Documents

• ea0217648-6k_jayud.htm (6-K) — 11KB
• 0001213900-24-087780.txt ( ) — 12KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number:001-41656 Jayud Global Logistics Limited (Exact name of registrant as specified in its charter) Building 3, No. 7 Gangqiao Road, Li Lang Community, Nanwan Street, Longgang District, Shenzhen, People’s Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Termination of Acquisition of Qingdao Oranda Supply Chain Management Co., Ltd. On January 23, 2024, Jayud Global Logistics Limited (“Jayud” or the “Company”) announced that Shenzhen Jayud Logistics Technology Co., Ltd., a wholly-owned subsidiary of Jayud in China, entered into an equity purchase agreement dated January 18, 2024 (the “Agreement”) to acquire 51% of the equity interests in in Qingdao Oranda Supply Chain Management Co., Ltd. On October 10, 2024, the parties agreed to terminate the Agreement, and the 51% equity interests acquired will be returned to the original owner or their designees. No consideration was given to the original This Report of Foreign Private Issuer on Form 6-K is hereby incorporated by reference into the Company’s registration statement on Form F-3 , as amended (File No. 333- 280010). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 15, 2024 Jayud Global Logistics Limited By: /s/ Xiaogang Geng Name: Xiaogang Geng Title: Chief Executive Officer 2

View Full Filing

View this 6-K filing on SEC EDGAR