On the evening of June 27th, STO Express Co., Ltd. (002468) announced that its overseas subsidiary, which indirectly holds 100% equity, Singapore STO, plans to transfer its holding of 0.74% stake in Cainiao to Ali CN at a price of $0.62 per share. Recently, Singapore STO and Ali CN have signed a Share Purchase Agreement. Singapore STO has received a delivery payment of $63,664,500 from Ali CN on June 27th.
申通快递：境外子公司收到Ali CN交割付款逾6366万美元
STO Express Co., Ltd.: overseas subsidiary received more than $63.66 million in Ali CN delivery payment.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.