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    A000120   KR7000120006

CJ LOGISTICS CORPORATION

(A000120)
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CJ Logistics : South Korea?s CJ picks FountainVest as buyer for China logistics firm in $1.1bln deal - source

02/10/2021 | 05:08am EDT

HONG KONG (Reuters) - Private equity firm FountainVest Partners is to buy Chinese logistics firm CJ Rokin from South Korea's CJ Logistics Corp in a deal that gives Rokin an enterprise value of 6.9 billion yuan ($1.07 billion), a source said on Wednesday.

The source, who has with direct knowledge of the matter, declined to be identified as the proceedings, including the signing of the sale agreement by FountainVest Partners, were not public.

Bloomberg reported on advanced talks between CJ and FountainVest earlier on Wednesday.

CJ Group had hired Morgan Stanley to run the sale of Shanghai-based CJ Rokin Logistics Supply Chain Co.

CJ had acquired a 71.4% stake of Rokin in 2015 via affiliate CJ Logistics Corp for 455 billion won ($411.71 million), according to its regulatory filing.

FountainVest declined to comment. A CJ Logistics spokesman did not have an immediate response.

($1 = 6.4315 Chinese yuan renminbi)

(Reporting by Kane Wu; Additional reporting and writing by Joyce Lee)


© Reuters 2021
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Analyst Recommendations on CJ LOGISTICS CORPORATION
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Financials
Sales 2021 11 256 B 9,58 B 9,58 B
Net income 2021 63,8 B 0,05 B 0,05 B
Net Debt 2021 2 149 B 1,83 B 1,83 B
P/E ratio 2021 51,3x
Yield 2021 -
Capitalization 2 982 B 2 536 M 2 537 M
EV / Sales 2021 0,46x
EV / Sales 2022 0,42x
Nbr of Employees 6 053
Free-Float 39,4%
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Mean consensus BUY
Number of Analysts 16
Last Close Price 149 500,00 KRW
Average target price 208 562,50 KRW
Spread / Average Target 39,5%
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Managers and Directors
Shin-Ho Kang Chief Executive Officer & Director
Hyo-Hee Lee Managing Director & Head-Finance
Young-Hak Min Managing Director & Head-Technology
Do-Yeob Kwon Independent Director
Young-Sun Yoon Independent Director
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