Core Viewpoint - ZTO Express (02057) announced the acquisition of 100% equity in Zhejiang Xinglian for a total consideration of RMB 178 million, which will enhance its air freight capabilities and overall competitiveness in the logistics sector [1] Group 1: Acquisition Details - The acquisition agreement was signed between ZTO Aviation, ZTO Cloud Cold, and Zhejiang Xinglian, with ZTO Aviation agreeing to purchase the entire stake [1] - As of the announcement date, ZTO Cloud Cold holds 100% equity in Zhejiang Xinglian, and post-acquisition, Zhejiang Xinglian will become a wholly-owned subsidiary of ZTO Aviation [1] Group 2: Strategic Implications - The acquisition is expected to improve the end-to-end domestic and international air logistics capabilities of the group, thereby enhancing its competitiveness in the air freight service sector [1] - The board, including independent non-executive directors, believes that the acquisition aligns with the group's operational processes and aims to optimize operations and organizational synergy [1] Group 3: Financial Impact - Following the completion of the acquisition, Zhejiang Xinglian's financial performance will be fully consolidated into the group's financial results [1] - Given Zhejiang Xinglian's stable operations and historical profitability, the acquisition is anticipated to bolster the group's performance and enhance shareholder returns [1]
中通快递-W(02057)拟1.78亿元收购浙江星联100%股权 提升端到端境内外航空物流能力