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BEST Inc. merges with BEST Global Partners

PRIVATEMar 08, 2025

Acquiring Company

BEST Global Partners

Acquired Company

BEST

Cayman IslandsSupply Chain ManagementLogistics

Description

BEST Inc. has completed its merger with BEST Global Partners, resulting in BEST becoming a wholly owned subsidiary. Shareholders will receive cash for their shares, and the company has ceased to be publicly traded. The merger was approved during an extraordinary general meeting held on February 18, 2025.

Quick answer

BEST Global Partners is acquiring BEST, announced March 9, 2025. BEST Global Partners is based in Cayman Islands.

How much did BEST Global Partners pay for BEST?
The deal value was not disclosed.
What does BEST Global Partners do?
BEST Global Partners is an exempted company with limited liability incorporated under the laws of the Cayman Islands.
Where are BEST Global Partners and BEST based?
BEST Global Partners is based in Cayman Islands.

Source: Fundz verified event record.

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Company Information

Company

BEST Global Partners

Location

Cayman Islands

About

BEST Global Partners is an exempted company with limited liability incorporated under the laws of the Cayman Islands. It is the parent company that is leading the acquisition of BEST Inc. and will become the indirect, wholly owned subsidiary of Parent, which will be owned by the Consortium members including Mr. Shao-Ning Johnny Chou, Mr. George Chow, Alibaba Investment Limited, and others.

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Frequently asked

Who acquired BEST?

BEST was acquired by BEST Global Partners, based in Cayman Islands. The deal was reported on March 8, 2025. BEST Global Partners is an exempted company with limited liability incorporated under the laws of the Cayman Islands. It is the parent company that is leading the acquisition of BEST Inc. BEST Global Partners is privately held.

When did BEST Global Partners acquire BEST?

BEST Global Partners's acquisition of BEST was reported on March 8, 2025. BEST Inc. has completed its merger with BEST Global Partners, resulting in BEST becoming a wholly owned subsidiary. Shareholders will receive cash for their shares, and the company has ceased to be publicly traded. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does BEST do?

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. After the acquisition, BEST Inc. will become an indirect, wholly owned subsidiary of BEST Global Partners. It is privately held, operating in Supply Chain Management.

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