ZTO Express Engages in Strategic Share Buybacks

TipRanksJul 22 06:29 ET

ZTO Express (02057.HK) spent USD 11.3669 million to buy back 0.5725 million shares on July 19.

ZTO Express-W (02057.HK) announced on July 22 that it spent 11.3669 million US dollars on July 19, 2024 to repurchase 0.5725 million shares on NYSE.

Gelonghui FinanceJul 21 20:03 ET

ZTO Express-W (02057.HK) spent 3.3628 million US dollars on July 18th to repurchase 0.1682 million shares at NYSE.

ZTO Express-W (02057.HK) announced on July 19th that it spent $3.3628 million repurchasing 0.1682 million shares on the NYSE on July 18, 2024, with a repurchase price of $19.96-20 per share.

Gelonghui FinanceJul 19 00:03 ET

ZTO Express (02057) spent $3.3628 million to repurchase 0.1682 million shares on July 18th.

ZTO Express-W (02057) issued an announcement on July 18, 2024, investing 336.28...

Zhitong FinanceJul 19 00:02 ET

China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.

In the operation of the business, the four main entities of the express headquarters, franchisee, courier, and direct customers have formed a "express industry flywheel" based on multiple relationships formed in the process. The smooth initial operation is due to the organizational flexibility brought by the franchise system and the price advantage under extreme cost. In the long run, price wars are the "negative" products derived from the continuous operation of the express flywheel.

Zhitong FinanceJul 17 21:19 ET

ZTO Express Buyback Signals Confidence

TipRanksJul 17 06:27 ET