Baishi Group plans to privatize, but insiders deny that Alibaba or Cainiao will take over the deal

According to Cailian News Agency on November 8th, Baishi Group's board of directors has received a preliminary non binding offer from a buyer consortium composed of Alibaba, Cainiao Network, and company founder Zhou Shaoning to acquire all issued common shares. A person familiar with the situation told 21st Century Economic Report that this is a conventional privatization process for Baise and does not affect the normal operation of its business, nor is it a takeover by Alibaba or Cainiao

According to Cailian News Agency on November 8th, Baishi Group's board of directors has received a preliminary non binding offer from a buyer consortium composed of Alibaba, Cainiao Network, and company founder Zhou Shaoning to acquire all issued common shares. A person familiar with the situation told 21st Century Economic Report that this is a conventional privatization process for Baise and does not affect the normal operation of its business, nor is it a takeover by Alibaba or Cainiao. (21 Finance and Economics)

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