ZTO Express (ZTO) has released an update.
ZTO Express Inc. has reported the repurchase of 479,050 American depository shares, which equates to 0.06% of their existing Class A ordinary shares. The transaction took place on July 5, 2024, with shares bought back at an average price of $19.84, totalling approximately $9.5 million. The bought-back shares are set to be cancelled, signaling a potential increase in shareholder value.
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