ZTO Express' Affiliate to Purchase Properties in Zhejiang, China

MT Newswires Live

2024/12/02

ZTO Express (Cayman) (HKG:2057) affiliated entity ZTO Express agreed to purchase certain properties with a total construction floor area of 22,465.17 square meters from Zhongkuai (Tonglu) Future City Industrial Development for 179.7 million yuan, a Friday Hong Kong bourse filing said.

The properties include several floors of Tower 1 and Tower 11 of Blue City located at No. 586 Tongda Road, Chengnan Subdistrict, Fuchun Future City, Tonglu County, Hangzhou City, Zhejiang in China.

The company plans to use the group's internal resources to fund the purchase.

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