YTO International Express and Supply Chain Technology Limited (HK:6123) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
YTO International Express and Supply Chain Technology Limited has announced the acquisition of a company focused on enhancing its logistics services, particularly in international express and parcel delivery. The acquisition, valued at approximately RMB 8.81 million, aims to strengthen the company’s ‘China Connects the World’ initiative and improve its cross-border logistics offerings. As a discloseable and connected transaction, it adheres to the Hong Kong Stock Exchange’s reporting requirements without necessitating a shareholder vote due to its value falling below HK$10 million.
For further insights into HK:6123 stock, check out TipRanks’ Stock Analysis page.