Jin Jiang International Acquires Remaining 50% of JHJ International Transportation from YRC Worldwide
March 31, 2016
Jin Jiang International Holdings Co., Ltd., through its subsidiary Balance Global Limited, has completed the acquisition of YRC Worldwide Inc.'s 50% interest in JHJ International Transportation Co., Ltd., giving Jin Jiang 100% ownership of JHJ. The deal represents YRCW's divestiture of a non-core international asset and strengthens Jin Jiang's transport and logistics capabilities in China.
- Buyers
- Jin Jiang International Holdings Co., Ltd. (via Balance Global Limited)
- Targets
- JHJ International Transportation Co., Ltd.
- Sellers
- YRC Worldwide Inc.
- Industry
- Logistics & Distribution
- Location
- Shanghai, China
- Transaction Type
- Buyout
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