STO Express Seeks Up to 3 Billion Yuan from Convertible Bond Issuance

MT Newswires Live

07/07

STO Express (SHE:002468) is looking to raise up to 3 billion yuan from the issuance of six-year convertible bonds, according to a Tuesday filing with the Shenzhen bourse.

Proceeds will be used to fund a smart logistics equipment upgrade project and a trunk line transportation network enhancement project.

CITIC Securities (HKG:6030, SHA:600030) is the sponsor and underwriter of the issuance.

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