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YTO Express transfer 12% company’s total shares to Alibaba

Both the controlling shareholder & the actual controllers

YTO Express (Stock 600233) announced on the evening of September 1 that Jiaolong Group, Yu Huijiao and Zhang Xiaojuan planned to transfer 379 million shares to Ali Network at a price of 17.406 yuan per share, accounting for 12% of the company’s total shares. After the completion of the transfer, Jiaolong Group is still the controlling shareholder of the company, and Yu Huijiao and Zhang Xiaojuan are still the actual controllers of the company. Ali Network, Ali Venture Capital and Cainiao Supply Chain hold a total of 22.50% shares of the company.

Cheryl Fu

Cheryl is adept at capturing the most topical business news and has her own unique analysis. This is rare for a young person and she's offered up some really interesting ideas since joining FirmKnow Media.

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