SHE:002468

STO Express Withdraws Convertible Bond Filing Amid Safety Probe

STO Express (SHE:002468) is terminating a planned convertible bond issuance and withdrawing application documents from the Shenzhen Stock Exchange, following a safety investigation into its wholly-owned subsidiary.The subsidiary received a notice from industry authorities for alleged failure to properly fulfill unified security management responsibilities, according to a Wednesday filing with the Shenzhen bourse.The investigation is ongoing.Shares of the delivery services company slid 2% in recent trade.

STO Express Proposes to Issue 3 Billion Yuan Convertible Bonds

STO Express (SHE:002468) proposed to issue convertible bonds of up to 3 billion yuan, according to a Thursday disclosure on the Shenzhen bourse.The bonds will have a term of six years.

STO Express Proposes Offering of 3 Billion Yuan in Convertible Bonds

STO Express (SHE:002468) proposed to issue convertible bonds amounting to 3 billion yuan, according to a Tuesday disclosure on the Shenzhen bourse.The convertible corporate bonds will have a term of six years.The coupon rate is yet to be determined and the specific offering size will be decided by the board of directors.Proceeds from the issuance will be invested in the smart logistics equipment upgrade project and the trunk transportation capacity network enhancement project.

STO Express to Issue 3 Billion Yuan in Convertible Bonds

STO Express (SHE:002468) is looking to issue up to 3 billion yuan in convertible bonds with a maturity of six years, according to a Tuesday filing with the Shenzhen Stock Exchange.The delivery services company plans to use the proceeds to fund its smart logistics equipment upgrade and trunk line transportation network enhancement projects.CITIC Securities (HKG:6030, SHA:600030) will be the underwriter of the bond issuance.

Guosheng Securities Starts STO Express at Buy with 21.64 Yuan Price Target

STO Express (SHE:002468) has an average rating of overweight and mean price target of 20.88 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

STO Express' Convertible Bond Application Accepted by Shenzhen Bourse

STO Express (SHE:002468) said the Shenzhen Stock Exchange has accepted its application for a public issuance of convertible corporate bonds to unspecific objects, according to a Wednesday filing with the Shenzhen bourse.The proposed bond issuance remains subject to further review by the Shenzhen bourse and approval by the China Securities Regulatory Commission.

Jefferies Adjusts STO Express' Price Target to 22.60 Yuan from 21.50 Yuan, Keeps at Buy