FilingReader Intelligence
STO Express acquires Zhejiang Danniao Logistics for 362m yuan
July 25, 2025 at 05:19 PM UTC•By FilingReader AI
STO Express announced its wholly-owned subsidiary will acquire 100% equity in Zhejiang Danniao Logistics Technology for 362 million yuan.
The acquisition from Zhejiang Cainiao Supply Chain Management, Hangzhou Ali Venture Capital, and Alibaba (China) Network Technology is a related party transaction aimed at enhancing service quality and expanding business scale.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SZSE:002468•Shenzhen Stock Exchange
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