Shanghai YTO Express reportedly planning to be listed via reverse merger

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.

 

 

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