www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

YTO moves ahead with listing plan via reverse merger

By Fan Feifei (China Daily) Updated: 2016-01-19 08:01

YTO moves ahead with listing plan via reverse merger

Two YTO Express couriers cheer each other up before they go to work in Fuyang, Anhui province.[WANG BIAO / FOR CHINA DAILY]

Company considering reverse merger with top garment manufacturer Dalian Dayang Trands

Shanghai YTO Express (Logistics) Co Ltd, one of China's largest express delivery firms, is planning to be listed through a reverse merger with Dalian Dayang Trands Co Ltd, the top garment maker.

In a statement released on Friday evening, Shanghai-listed Dayang Trands said it had reached initial agreement with YTO Express for a restructuring in which it will buy the delivery firm through the issuing of shares, as well as debt.

YTO Express will eventually be owned by a new company, which will become a subsidiary of Dayang Trands, it said.

A manager at the Shanghai courier's marketing department, who refused to be named, said YTO Express "is set to become a public company", although he refused to disclose any further details before the listing.

YTO Express' Chairman Yu Weijiao first revealed to China Daily in October that he planned to take the firm public, without giving a timetable.

Other companies from the sector have already made the move.

STO Express Co Ltd listed on the A-share market in October through a reverse merger with IDC Fluid Control Co Ltd, a faucets and bathroom accessories manufacturer, becoming the nation's first listed express delivery operation.

Founded in 1979, Dalian-headquartered Dayang Trands is engaged in the production and sales of mid- to high-end suits.

Listed on the Shanghai Stock Exchange in 2000, it exported 6 million suits last year, and is believed to include billionaires such as Warren Buffett and Bill Gates among its customers.

It suspended trading in its shares on Jan 12.

It had been widely rumored YTO Express was looking to float, since May 2015 when Alibaba Group Holding Ltd announced a strategic investment in the firm, in partnership with Yunfeng Capital, a fund backed by Alibaba founder Jack Ma.

In September, it bought 15 cargo aircraft from Boeing Co and after completing the stake sale in October, Alibaba took two seats on its board.

Zhao Xiaomin, an expert on the express delivery industry, was quoted by Beijing Business Today as saying on Monday: "This year and next will be an important period for express delivery companies to be listed, and any that don't grasp the opportunity might be knocked out."

According to the State Post Bureau, 27.5 billion packages are expected to be delivered across China this year, a 34 percent rise, but down on the 48 percent growth in 2015.

Zhao said that as express-delivery growth slows, excess industry capacity might appear, and so seeking a stock market listing soon might help companies obtain a higher valuation as competition intensifies.

Best Logistics Technology Co Ltd, another express delivery company, is also looking at fundraising via an IPO, worth about $700 million.

Wang Ying contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人精品一区二区 | 美国一级毛片片aa免 | 男人天堂手机在线 | 久久精品国产亚洲综合色 | 在线观看免费a∨网站 | 不卡一级aaa全黄毛片 | 一级毛片中国 | 又黄又湿又爽吸乳视频 | 亚洲国产成+人+综合 | 日本护士视频xxxxxwww | 国产精品青草久久福利不卡 | 成年男女免费视频网站播放 | 国产舐足视频在线观看 | 久久精品免费一区二区视 | 久久久久毛片成人精品 | 日本草草视频在线观看 | 欧美在线三级 | 国产成人mv 在线播放 | 久草中文视频 | 特级a欧美做爰片毛片 | 亚欧成人中文字幕一区 | 日本乱理伦中文三区 | 九九亚洲精品 | 日韩欧美在 | 99九九成人免费视频精品 | 另类专区欧美 | 色偷偷亚洲男人天堂 | 国产在线观看免费人成小说 | av在线亚洲男人的天堂 | 男女视频在线观看免费 | 国产亚洲精品午夜一区 | 最新亚洲精品国自产在线 | 高清精品一区二区三区一区 | 99国产精品久久久久久久日本 | 国产高清在线精品 | 久久精品中文字幕第一页 | 青青视频国产依人在线 | 国产精品国产三级国产在线观看 | 亚洲精品99久久久久中文字幕 | 欧美在线香蕉在线现视频 | 97在线免费看视频 |