PE-backed e-Shang boosts Asia footprint through merger
China-based warehousing operator e-Shang, which was founded by two local entrepreneurs in conjunction with Warburg Pincus, has agreed to merge with Asian counterpart Redwood Group as it builds scale towards a public market listing.
The all-stock deal will lead to the creation of a real estate logistics platform with more than 3.5 million square meters of projects in operation or under development in China, Japan and South Korea....
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