ZTO Express to begin stock sale

Business | 16 Sep 2020 6:10 pm

ZTO Express (Cayman), the Chinese delivery company, will launch a Hong Kong secondary listing tomorrow to raise HK$12 billion.

The company, which is listed in New York Stock Exchange, will offer 45 million shares at no more than HK$268 apiece, representing a 10 percent premium against its Tuesday's closing price.

The minimum investment is HK$13,535 per board lot of 50 shares. ZTO will start trading on the main board on September 29 under the stock code 2057. 

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