Zhongtong announced that it would set the Hong Kong listing price at HK $218 per share and list next Tuesday

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Sina science and technology news, Beijing time, September 22, evening news, Zhongtong express( NYSE:ZTO )It is announced tonight that the IPO price for the secondary listing in Hong Kong will be set at HK $218 per share.
This time, ZTE will sell 45 million shares of common stock worldwide, including the international offering portion and the Hong Kong public offering. This evening, China Express will set the final price of the two shares for sale at HK $218 per share, equivalent to about US $28.13 per ads. Each ads of China Express is equivalent to one class a common stock.
Subject to the approval of the HKEx, the shares to be offered are expected to be traded on the main board of the HKEx on September 29, 2020, with the stock code of “2057”. By convention, the global offering is expected to be completed on the same day.
In addition, China Express has granted the International Underwriters an over allotment option to require it to issue up to 6750000 new class a common shares in addition to the Hong Kong listing price before October 22, 2020.
China Express plans to use the net proceeds from the global sale for infrastructure and capacity expansion, enhance the service capacity of network partners, enhance network stability, and invest in logistics ecosystem and general enterprise purposes.
Goldman Sachs (Asia) Limited is the sole sponsor, sole global coordinator, joint bookkeeping manager and joint lead manager of the global offering of China Express.
In June, it was first reported that China Express was considering a secondary listing in Hong Kong and was discussing relevant matters with investment banks. Before this time, Netease and Jingdong have successfully landed on the Hong Kong Stock Exchange on June 11 and June 18.