Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
ZTO Express (Cayman), Inc. Class A ( (HK:2057) ) just unveiled an announcement.
ZTO Express (Cayman), Inc. has announced a connected transaction involving the acquisition of 100% equity interest in Zhejiang Xinglian by ZTO Aviation, a consolidated affiliated entity of the company. The acquisition, valued at RMB178,000,000, will result in Zhejiang Xinglian becoming a subsidiary of the group, with its financial results consolidated into those of ZTO Express. This transaction, subject to the Hong Kong Listing Rules, does not require independent shareholders’ approval due to its percentage ratio.
The most recent analyst rating on (HK:2057) stock is a Buy with a HK$180.00 price target. To see the full list of analyst forecasts on ZTO Express (Cayman), Inc. Class A stock, see the HK:2057 Stock Forecast page.
More about ZTO Express (Cayman), Inc. Class A
ZTO Express (Cayman), Inc. is a company incorporated in the Cayman Islands with limited liability, primarily operating in the logistics and express delivery industry. The company is listed on the New York Stock Exchange under the symbol ZTO and is known for its weighted voting rights structure, with Class A and Class B ordinary shares.
Average Trading Volume: 1,702,085
Technical Sentiment Signal: Buy
Current Market Cap: HK$127.6B
For an in-depth examination of 2057 stock, go to TipRanks’ Overview page.