STO(SZ:002468) Zheng Quan Ri Bao·2025-11-03 11:13Core Points - Shentong Express announced the acquisition of 100% equity in Zhejiang Daniao Logistics Technology Co., Ltd. from its shareholders, including Zhejiang Cainiao Supply Chain Management Co., Ltd., Hangzhou Alibaba Venture Capital Co., Ltd., and Alibaba (China) Network Technology Co., Ltd. [2] - The acquisition was approved during the 12th meeting of the 6th Board of Directors held on July 25, 2025, and the transaction was completed successfully with the necessary regulatory approvals [2] - The transaction was finalized with the issuance of a new business license by the Market Supervision Administration of Yuhang District, Hangzhou [2] Company Summary - Shentong Express's wholly-owned subsidiary, Shentong Express Co., Ltd., is the entity executing the acquisition [2] - The acquisition is part of Shentong Express's strategy to enhance its logistics capabilities through the integration of Daniao Logistics [2] Regulatory Summary - The National Market Supervision Administration issued a decision not to prohibit the concentration of operators, allowing the acquisition to proceed [2] - The completion of the transaction included the necessary changes in business registration and licensing [2]