ZTO Express (ZTO) has released an update.
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ZTO Express (Cayman) Inc. has actively managed its share structure by repurchasing and cancelling a significant number of its American depository shares (ADS) in July 2024. The transactions, conducted on the New York Stock Exchange at prices ranging from USD 19.84 to USD 20.00 per share, resulted in a modest decrease in the total number of shares. The company’s repurchase actions demonstrate a strategic use of its repurchase mandate to optimize shareholder value.
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