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ZTO Express Announces Share Repurchase and Cancellation
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ZTO Express Announces Share Repurchase and Cancellation

ZTO Express (ZTO) has released an update.

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ZTO Express, a Cayman Islands-incorporated company with weighted voting rights, has reported a decrease in its Class A ordinary shares by 2,527,481 units, a 0.31% change, following a share repurchase and cancellation carried out on various dates in July 2024. The repurchase price per share was set at USD 19.76, resulting in a new total of 604,239,182 issued shares as of August 29, 2024. The company has confirmed compliance with all relevant listing rules and regulatory requirements in executing these changes.

For further insights into ZTO stock, check out TipRanks’ Stock Analysis page.

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