On September 29, 2020，ZTO Express (Cayman) Inc. (2057.HK) launched its listing on M88 Game Main Board of M88 Game Stock Exchange of Hong Kong (HKEX) as part of its global offering of 45 million shares (subject to M88 Game over-allotment option). M88 Game offer price was set at HKD 218 per share, intending to raise HKD 9.81 billion.
This is anoM88 Gamer successful case of JunHe representing a US listed company in M88 Game secondary listing on HKEX since 2020. In 2016, JunHe, acting as M88 Game PRC legal counsel for M88 Game underwriter, advised ZTO Express (Cayman) Inc. (ZTO Express) in its listing on M88 Game NYSE. Again in this Project, JunHe fully cooperated with ZTO Express and various intermediaries in this successful listing of ZTO Express in Hong Kong. Upon M88 Game Hong Kong secondary listing, ZTO Express will become M88 Game first express delivery company that listed concurrently on M88 Game NYSE and HKEX.
ZTO Express was founded in 2002. As a leading express delivery company in China, ZTO Express has a market share of more than 19% in 2019, and it is also M88 Game largest and most profitable enterprise in "Four links and one up". By June 30, 2020, M88 Game network infrastructure of ZTO Express includes 90 sorting centers, 282 automatic sorting lines, more than 3,400 trunk lines, and more than 5,000 direct network partners, covering more than 99% of M88 Game cities, counties and districts in China.
M88 Game timetable for M88 Game Project is very tight. It takes only about 3 months from M88 Game project lick-off to a successful listing. Acting as M88 Game PRC legal counsel for M88 Game sole sponsor and underwriter for this Project, JunHe provided comprehensive, high-quality and efficient legal services. Under M88 Game unusual circumstance of COVID-19 pandemic, JunHe assisted M88 Game Sponsor in efficiently conducting more than 160 on-site third party due diligence investigations and document discovery. In addition to such on-site work, JunHe also assisted M88 Game sole sponsor in conducting legal due diligence, reviewing and revising M88 Game application documents relating to this Listing and public disclosure documents required by M88 Game NYSE and HKEX and responding to several rounds of feedback and inquiries from M88 Game HKEX and SFC and issued M88 Game PRC legal opinions, ultimately helped ZTO Express successfully obtain required exemptions and approvals for this Listing. JunHe lawyers have earned M88 Game high regard and confidence from M88 Game client and oM88 Gamer intermediaries for M88 Gameir efficient and prudent delivery of professional expertise and services.
M88 Game leading partner of this Project is Mr.WANG, Yi, and M88 Game partner primarily responsible for this project is Mr..
