Jayud Global Logistics Expands U.S. Operations with Strategic Acquisitions in California and Georgia
October 23 2024 - 8:00AM
Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the
"Company"), a leading end-to-end supply chain solution provider
based in Shenzhen specializing in cross-border logistics, today
announced the acquisition of significant stakes in two key
logistics facilities in California and a licensed customs brokerage
firm in Georgia. These strategic investments are part of Jayud's
ongoing efforts to expand its operational footprint in the United
States and enhance its comprehensive suite of logistics services.
Jayud has acquired a 20% stake in a 70,000
sq.ft. warehouse located in Rialto, California, and a 49% stake in
a 50,000 sq.ft. warehouse located in Chino, California. These
facilities are located in major logistics hubs in California,
enhancing Jayud’s capacity to manage and streamline supply chains
in one of the U.S.'s busiest trade corridors.
In addition to the warehouse investments, Jayud
has secured a 10% stake in LD Global Logistics Inc., a licensed
customs broker established in 2016 and certified by U.S. Customs
and Border Protection. Based in Georgia, LD Global Logistics Inc.
provides critical brokerage services and operates a fleet of
trucks, further supporting Jayud’s logistics operations across the
southeastern United States. The inclusion of LD Global Logistics
Inc. into Jayud’s portfolio expands its service capabilities and
deepens its compliance and customs expertise in a key U.S. region,
ensuring smoother and more efficient import and export processes
for clients.
The Company issued a total of 3,365,588 Class A
ordinary shares as consideration for the three acquisitions.
"These acquisitions are a testament to our
commitment to strengthen our global logistics network and enhance
service offerings to our clients, particularly in the U.S. market,"
said Xiaogang Geng, Chairman of the Board and CEO of Jayud. "By
integrating these assets into our portfolio, we are better
positioned to offer end-to-end logistics solutions and meet the
growing demand for efficient, reliable supply chain management in
North America."
About Jayud Global Logistics Limited
Jayud Global Logistics Limited is one of the
leading Shenzhen-based end-to-end supply chain solution providers
in China, focusing on cross-border logistics services.
Headquartered in Shenzhen, the Company benefits from the unique
geographical advantages of providing a high degree of support for
ocean, air, and overland logistics. The Company has established a
global operation nexus featuring logistic facilities throughout
major transportation hubs in China and globally, with footprints in
12 provinces in Mainland China and 16 countries across six
continents. Jayud offers a comprehensive range of cross-border
supply chain solution services, including freight forwarding,
supply chain management, and other value-added services. With its
strong service capabilities and research and development
capabilities in proprietary IT systems, the Company provides
customized and efficient logistics solutions and develops
long-standing customer relationships. For more information, please
visit the Company’s website: https://ir.jayud.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy, and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can identify these
forward-looking statements by words or phrases such as “may”,
“will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”,
“plan”, “believe”, “is/are likely to”, “potential”, “continue” or
other similar expressions. The Company undertakes no obligation to
update or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the SEC.
For more information, please contact:
Jayud Global Logistics LimitedInvestor Relations
DepartmentEmail: ir@jayud.com
Investor Relations Contact:Matthew Abenante,
IRCPresidentStrategic Investor Relations, LLC Tel:
347-947-2093Email: matthew@strategic-ir.com
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