Polar Rabbit reached a deal with Shunfeng to acquire 100% stake in Fengwang for 1.183 billion yuan.

[polar Rabbit and Shunfeng reached a deal to buy 100% equity in Fengwang for 1.183 billion yuan] the reporter learned from Jympany T Polar Rabbit Express that it has signed an equity transfer agreement with Shenzhen Fengnet Holdings Co., Ltd., a subsidiary of Shunfeng Holdings. Shenzhen Polar Rabbit supply chain Co., Ltd., a subsidiary of Polar Rabbit Express, plans to acquire a 100% stake in Shenzhen Fengwang Information Technology Co., Ltd., a wholly owned subsidiary of Fengwang Holdings, at a price of 1.183 billion yuan. (reporter Li Danyu)