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GLO Advises on Secondary Listing of ZTO Express on HKEX
2020-09-29

 

On September 29, 2020, ZTO Express (Cayman) Inc. (NYSE: ZTO) (the “ZTO Express” or “Issuer”; Stock code: 2057.HK) announced the successful launch of its secondary listing of shares on the Main Board of the Stock Exchange of Hong Kong Limited (the “Secondary Public Offering”).

 

ZTO Express is a leading express delivery company in China. Founded in 2002, ZTO Express is China’s leading express delivery service provider based on total parcel volume, with a 19.1% market share in 2019. ZTO Express is the youngest among the scaled express delivery companies in China and the largest in scale and the most profitable among the Tongda Operators, who are the express delivery service providers utilizing the “network partner model” in China. After the Secondary Public Offering, ZTO Express will continue its effort towards its mission of “Bringing happiness to more people through our services” and strive to become a world-leading comprehensive logistics service provider.

 

 

In addition to the provision of long-term service to ZTO Express, Global Law Office acted as the PRC counsel to the Issuer in the Secondary Public Offering with a tight schedule of approximately three months. Global Law Office provided professional legal advice and solutions on related legal issues involved in the process of the Secondary Public Offering with high efficiency and top quality. GLO team was led by our Shanghai-based partner Michael Chen, and the team members also include Grace Wang, Lisa Liu, Zoe Tao, Li Jiang and Penny Li.