YTO International Express and Supply Chain Technology Limited (HK:6123) has released an update.
YTO International Express and Supply Chain Technology Limited has announced the acquisition of a company focused on enhancing its logistics services, particularly in international express and parcel delivery. The acquisition, valued at approximately RMB 8.81 million, aims to strengthen the company’s ‘China Connects the World’ initiative and improve its cross-border logistics offerings. As a discloseable and connected transaction, it adheres to the Hong Kong Stock Exchange’s reporting requirements without necessitating a shareholder vote due to its value falling below HK$10 million.
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