AcquisitionsJun 22, 2026, 05:17 PM
ZTO Express Acquires Remaining 36.20% of TuXi Tech for RMB1.31B
AI Summary
ZTO Express (Cayman) Inc., through its wholly-owned subsidiary, has agreed to acquire the remaining 36.20% equity interest in TuXi Tech for approximately RMB1,305.3 million. This acquisition will make TuXi Tech, a provider of last-mile posts, a wholly-owned subsidiary of ZTO Express, with its financial results fully consolidated into the Group. The company believes the acquisition will further its strategic positioning in the last-mile delivery sector, enhance competitiveness, and strengthen brand profitability, with the consideration deemed fair and reasonable based on an independent valuation.
Key Highlights
- ZTO Express's wholly-owned subsidiary acquired the remaining 36.20% shares in TuXi Tech.
- The aggregate consideration for the acquisition was approximately RMB1,305.3 million.
- Upon completion, TuXi Tech will become a wholly-owned subsidiary of ZTO Express.
- TuXi Tech is principally engaged in the provision of last-mile posts.
- TuXi Tech reported unaudited net profit after taxation of RMB228.8 million for 2025.
- TuXi Tech's total assets were approximately RMB1,288.0 million as of December 31, 2025.
- The acquisition is considered a connected transaction under Hong Kong Listing Rules.
- The acquisition is expected to strengthen the Group's results and improve shareholder return.
Price Impact
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