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BABA-SW Adds 10.35% Stake in STO (002468.SZ)
STO (002468.SZ) (ZTO Express), a Chinese delivery giant, announced that the controlling shareholder and the real controller of the company entered into a revised and reshaped share...
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BABA-SW Adds 10.35% Stake in STO (002468.SZ)
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2020/09/22 07:39
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STO (002468.SZ) (ZTO Express), a Chinese delivery giant, announced that the controlling shareholder and the real controller of the company entered into a revised and reshaped share option agreement with BABA-SW (09988.HK). Pursuant to which, BABA-SW proposed to invest RMB3.295 billion, which would as a result make BABA-SW obtain 10.35% stake of STO indirectly. In accumulation, BABA-SW would indirectly hold 25% of STO.
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