Shanghai YTO Express reportedly planning to be listed via reverse merger

Shanghai YTO Express Logistics is planning to be listed on the Shanghai exchange through a reverse merger with the textile manufacturer Dalian Dayang Trands, according to local sources. A report published by China Daily on Sunday (24 January) claimed that Dayang Trands had announced it had reached an initial agreement with YTO Express for a restructuring in which it will buy the delivery firm through the issuing of shares, as well as debt.