STO(SZ:002468) 新华网财经·2025-07-26 05:30Core Viewpoint - The company, Shentong Express, announced its intention to acquire 100% equity of Zhejiang Daniao Logistics for a transaction price of 362 million yuan, which is aimed at enhancing its core competitiveness and long-term sustainable development [1][5]. Group 1: Acquisition Details - The acquisition involves a cash purchase agreement signed with related parties, including Zhejiang Cainiao Supply Chain, Alibaba Venture Capital, and Alibaba Network [5][6]. - The transaction is classified as a related party transaction but does not constitute a significant asset restructuring as per relevant regulations [1][6]. - Post-transaction, Daniao Logistics and its subsidiaries will be included in Shentong Express's consolidated financial statements [1]. Group 2: Financial Arrangements - To protect the interests of the listed company and its shareholders, especially minority shareholders, the agreement includes arrangements for installment payments, transitional profit and loss, and impairment compensation [6]. - Zhejiang Cainiao Supply Chain holds a 25% stake in Shentong Express, making it a related party in this transaction [6]. Group 3: Business Synergy - Shentong Express primarily focuses on domestic economical express delivery, with a single ticket revenue of 2.02 yuan for the period from January to April 2025 [6]. - Daniao Logistics specializes in high-quality express delivery and reverse logistics services, with significantly higher comprehensive single ticket revenue during the same period [6]. - The two companies have strong synergistic effects in their product and service positioning, with Daniao Logistics processing over 4 million high-value orders daily in 2024 and early 2025 [6].