BEST

BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares

BEST

Market cap $55.9M

Overview Fund Activity

Delisted

BEST was delisted on the 7th of March, 2025.

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About: BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.

Employees: 3,572

Industrials Integrated Freight & Logistics

Financial journalist opinion

BEST Inc. Announces Completion of Going Private Transaction

HANGZHOU, China , March 7, 2025 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced the completion of its merger (the "Merger") with Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Merger Sub"), pursuant to the previously announced agreement and plan of merger, dated as of June 19, 2024 (the "Merger Agreement"), among the Company, BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Merger Sub. As a result of the Merger, the Company has become a wholly owned subsidiary of Parent and has ceased to be a publicly traded company.

BEST Inc. Announces Completion of Going Private Transaction

BEST Inc. Announces Shareholders' Approval of Merger Agreement

HANGZHOU, China , Feb. 18, 2025 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that at an extraordinary general meeting of shareholders (the "EGM") held on February 18, 2025 (Beijing Time), the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement"), dated as of June 19, 2024, among the Company, BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger (the "Plan of Merger") and the consummation of the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger. Over 62% of the Company's total outstanding class A, class B and class C ordinary shares, including class A ordinary shares represented by the Company's American depositary shares (each representing twenty (20) class A ordinary shares of the Company) (the "ADSs"), voted in person or by proxy as a single class at the EGM.

BEST Inc. Announces Shareholders' Approval of Merger Agreement

BEST Inc. Receives Notification from NYSE Regarding Delayed Filing of Semi-Annual Financial Information for the Half Year Ended June 30, 2024

HANGZHOU, China , Jan. 10, 2025 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that, on January 6, 2025, the Company received a notice from the New York Stock Exchange (the "NYSE") Regulation stating that it is not in compliance with the NYSE's continued listing requirements under the timely filing criteria pursuant to Section 802.01E of the NYSE Listed Company Manual (the "Continued Listing Criteria") as a result of the Company's failure to timely file its Form 6-K containing semi-annual financial information for the half year ended June 30, 2024 (the "1H 2024 6-K") with the U.S. Securities and Exchange Commission (the "SEC"). The Company has not yet filed the 1H 2024 6-K with the SEC because it has focused its resources on its previously announced going private transaction.

BEST Inc. Receives Notification from NYSE Regarding Delayed Filing of Semi-Annual Financial Information for the Half Year Ended June 30, 2024

BEST Inc. Expands into Indonesia with Cross-Border and SaaS Services to Strengthen Global Strategy

JAKARTA, Indonesia , Aug. 29, 2024 /PRNewswire/ -- On August 29, BEST Inc. held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supply chain services and full-scenario, full-link SaaS solution services in Indonesia. This is another heavyweight market of BEST following investments in Thailand, Vietnam, Malaysia, Singapore, and the Philippines, marking another important step in BEST's strategic layout in Southeast Asia.

BEST Inc. Expands into Indonesia with Cross-Border and SaaS Services to Strengthen Global Strategy

Shareholder Alert: Ademi LLP investigates whether BEST Inc. has obtained a Fair Price for its Public Shareholders

MILWAUKEE , June 21, 2024 /PRNewswire/ -- Ademi LLP is investigating BEST (NYSE: BEST) for possible violations of law in its transaction with its majority control shareholder Shao-Ning Johnny Chou, the chief executive officer and chairman of the board of directors of BEST. Click here to learn how to join the https://www.ademilaw.com/case/best-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether BEST Inc. has obtained a Fair Price for its Public Shareholders

BEST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of BEST Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of BEST Inc. (NYSE: BEST) to BEST Global Partners and Phoenix Global Partners for $2.88 in cash per American Depository Share is fair to BEST shareholders. Halper Sadeh encourages BEST shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigati.

BEST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of BEST Inc. Is Fair to Shareholders

BEST Inc. Enters into Definitive Agreement for "Going Private" Transaction

HANGZHOU, China , June 20, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), in a transaction implying an equity value of the Company of approximately US$54.2 million.

BEST Inc. Enters into Definitive Agreement for "Going Private" Transaction

BEST Inc. Announces Unaudited First Quarter 2024 Financial Results

HANGZHOU, China , June 6, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the first quarter ended March 31, 2024. FINANCIAL HIGHLIGHTS (1) For the First Quarter Ended March 31, 2024: (2 ) Revenue was RMB1,942.0 million (US$269.0 million), compared to RMB1,715.3 million in the first quarter of 2023.

BEST Inc. Announces Unaudited First Quarter 2024 Financial Results

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

HANGZHOU, China , March 27, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. FINANCIAL HIGHLIGHTS (1 ) For the Fourth Quarter Ended December 31, 2023: (2 ) Revenue was RMB2,236.3 million (US$315.0 million), compared to RMB1,981.4 million in the fourth quarter of 2022.

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

BEST Inc. Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

HANGZHOU, China , Nov. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated November 3, 2023 (the "Proposal"), has retained Kroll, LLC as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal.

BEST Inc. Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

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