Best inc. completes sale of its express business in china

Hangzhou, china, dec. 17, 2021 /prnewswire/ -- best inc. (nyse: best) ("best" or the "company"), a leading integrated smart supply chain solutions and logistics services provider in china, today announced the closing and completion of its previously announced sale of its express delivery business in china (the "business") to j&t express co., ltd. ("j&t express china"), a prc limited liability company and a logistics services provider in china, at approximately rmb6.8 billion (us$1.1 billion) enterprise value, contemplated by the definitive agreement entered into by the parties dated october 29, 2021 (the "agreement").
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