Dada Announces Shareholders' Approval of Merger Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2025
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Source: Newsfilter
Merger Approval: Dada Nexus Limited's shareholders approved a merger agreement with JD Sunflower Investment Limited, resulting in Dada becoming a wholly owned subsidiary and ceasing to exist as a publicly traded company.
Voting Outcome: Approximately 73.4% of outstanding shares voted at the extraordinary general meeting, with 92.1% in favor of the merger, which will lead to the termination of Dada's ADS program on NASDAQ.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
