STO Express to Issue 3 Billion Yuan in Convertible Bonds

MT Newswires Live

07/28

STO Express (SHE:002468) is looking to issue up to 3 billion yuan in convertible bonds with a maturity of six years, according to a Tuesday filing with the Shenzhen Stock Exchange.

The delivery services company plans to use the proceeds to fund its smart logistics equipment upgrade and trunk line transportation network enhancement projects.

CITIC Securities (HKG:6030, SHA:600030) will be the underwriter of the bond issuance.

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