YTO Express Group Co Ltd Takes Over the Hong Kong Listed International Freight Forwarding Operator Accelerate International Strategy and Support the Belt and Road Building.
The Chinese leading and comprehensive express logistics provider, YTO Express, is taking another step forward in internationalization. In the evening on 8 May 2017, YTO Express published the announcement that it has completed the acquisition, in aggregate, 255,820,000 shares, representing approximately 61.87% of the share capital of On Time Logistics Holdings Limited (stock code 6123.HK) (hereinafter referred to as “On Time International”), a main board listed company in the Stock Exchange of Hong Kong in a cash transaction...
Serve Country Strategy, Deepen International Layout: YTO Global Strategy and Acquisition of On Time Press Conference Held in Hong Kong
On May 16th, YTO Express Group Co., Ltd (600233.SH) and On Time Logistics Holdings Limited (6123.HK) held YTO Strategic Acquisition of On Time Press Conference, introducing the aim and vision of YTO’s globalization to Hong Kong media and investors....
YTO Strategic Acquisition of On Time, Globalization Supporting " the Belt and Road Initiatives "
Based on the announcement of YTO Express Group Co., Ltd.(600233.SH), its subsidiary YTO Global Holdings Limited has completed the stock exchange procedures with selling parties of On Time Logistics Holdings Limited (06123.HK)....
On Time Logistics Holdings (06123.HK)acquired the remaining 25% Shares of OTX Holland with HK$38 Million
YTO Express (International) Holdings Limited (formerly known as “On Time Logistics Holdings”) (06123.HK) posted an announcement on 9th March 2018. Its indirect wholly owned subsidiary, Jumbo Channel Limited, as the Purchaser, entered in the Sale and Purchase Agreement with the Vendor, T.Y.D. Holding B.V.. The Purchaser has conditionally agreed to acquire the remaining 25% shares of OTX Holland ...