ZTO Express (ZTO) has released an update.
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ZTO Express (Cayman) Inc. has recently engaged in a series of share repurchase transactions, buying back a total of 866,564 American depository shares, representing approximately 0.10661% of its issued shares, at prices ranging from USD 19.84 to USD 20 per share. The transactions occurred on various dates in July 2024, with the latest repurchase on July 16, involving 50,924 shares for a total cost of USD 1,018,388.34. These shares are slated for cancellation, with a moratorium on issuing new shares or transferring treasury shares in effect until August 15, 2024.
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