Baozun Confirms Equity Investment Plans for November 2023, Aiming for 51% Stake in Location
Portfolio Pulse from Benzinga Newsdesk
Baozun has signed a Term Sheet to acquire a 51% stake in Hangzhou Location Information Technology Co., Ltd. through capital increase and equity transfer in November 2023.

November 22, 2023 | 10:05 am
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Baozun plans to acquire a majority stake in Location, indicating strategic growth and potential expansion of services.
The acquisition of a majority stake in Location by Baozun is a significant strategic move that suggests confidence in Location's business and potential synergies. This investment is likely to be viewed positively by investors as it indicates growth and expansion, which could lead to an increase in Baozun's stock price in the short term.
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