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BEST Inc. Announces Completion of Going Private Transaction

  • BEST Inc. Has completed its merger with Phoenix Global Partners, becoming a wholly owned subsidiary of BEST Global Partners.
  • As a result of the merger, BEST Inc. Is no longer publicly traded, with stockholders receiving US$2.88 per American Depository Share.
  • The company has submitted a request for trading suspension on the NYSE effective March 10, 2025, as part of the merger process.
  • Shareholders will receive further instructions on exchanging shares for cash, as outlined in the details provided by BEST Inc.
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Charleston Gazette-MailCharleston Gazette-Mail
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BEST Inc. Announces Completion of Going Private Transaction

HANGZHOU, China, March 7, 2025 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced the completion of its merger (the "Merger")…

·Charleston, United States
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Charleston Gazette-Mail broke the news in Charleston, United States on Saturday, March 8, 2025.
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