HKG:2057

2 stories mentioning HKG:2057Updated just now

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ZTO Express Arm to Take Full Control of Last-Mile Delivery Provider TuXi Tech in 1.3 Billion Yuan Deal

Rappy Holding, a wholly-owned subsidiary of logistics company ZTO Express (HKG:2057), has agreed to acquire the remaining 36.2% stake it does not already own in TuXi Tech for around 1.31 billion yuan, according to a Monday filing to the Hong Kong stock exchange.The company will acquire 567,500,000 TuXi Tech shares at around 2.30 yuan per share.At present, Rappy holds around 63.8% of the issued shares in TuXi Tech, which provides last‑mile post services.On completion of the transaction, the group will hold all of the issued shares in TuXi Tech, making it a wholly-owned subsidiary of the company, and its financial results will continue to be consolidated into those of the group.

HKG:2057

Asia34d ago

ZTO Express' Profit, Revenue Rise in Q1

ZTO Express (Cayman) (HKG:2057) posted net income attributable to ordinary shareholders of 2.12 billion yuan for the first quarter, up from 1.99 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share at the logistics company came in at 2.68 yuan from 2.44 yuan a year earlier.Revenue increased 22% to 13.3 billion yuan from 10.9 billion yuan in the prior-year period.The company reiterated its 2026 parcel volume guidance for growth of 10% to 13% year on year, implying parcel volume of 42.4 billion to 43.5 billion.

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