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ZTO Express Group transfers 51% state-owned equity of ZTO Steel Structure transaction dynamics.

2021/10/06 17:35

ZTO Express Group

ZTO Express Group

The approval opinion on the property disposal of Zhongtong Steel Structure Co., Ltd. (hereinafter referred to as Zhongtong Steel Structure).
ZTO Express Group transfers 51% state-owned equity of ZTO Steel Structure transaction dynamics.

According to the approval opinion from the parent company regarding the property disposal of Zhongtong Steel Structure Co., Ltd. (hereinafter referred to as Zhongtong Steel Structure), the 51% state-owned equity project of Zhongtong Steel Structure was announced for listing at the Shandong Property Exchange Center, with a public announcement period of 20 working days. As of September 3, 2021, the public announcement period for the state-owned equity project has expired. During the announcement period, interested transferees paid the transaction deposit, and the Shandong Property Exchange Center plans to organize the transaction in a non-competitive manner.

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