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YTO International Express and Supply Chain Technology Limited ( (HK:6123) ) has shared an update.
YTO International Express and Supply Chain Technology Limited announced a strategic partnership through a Subscription Agreement with QAZ Express, involving the subscription of shares in Citynet. This agreement is part of YTO’s strategy to enhance its operations in Kazakhstan by introducing a local strategic partner, QAZ Express, which will own 33% of Citynet, while OT BVI retains a 67% stake. The agreement includes options for resolving potential deadlocks in decision-making, indicating a structured approach to managing the partnership.
More about YTO International Express and Supply Chain Technology Limited
YTO International Express and Supply Chain Technology Limited is an investment holding company that, through its subsidiaries, engages in international air and sea freight forwarding, warehousing, and value-added logistics and distribution. The company also offers support services related to origin management, key account management, customs and compliance, web-based supply chain visibility, and supply chain consultancy.
YTD Price Performance: -2.61%
Average Trading Volume: 187,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$464M
Learn more about 6123 stock on TipRanks’ Stock Analysis page.