ZTO Express ( NYSE: ZTO ) confirmed that it has applied to the Hong Kong Stock Exchange with regards to the proposed voluntary conversion of its secondary listing status on the Hong Kong Stock Exchange to dual-primary listing primary conversion.
ZTO said it received the acknowledgement from the Hong Kong Stock Exchange in respect of the application for the primary conversion and expects it to be effective on May 1, 2023.
Upon the primary conversion being effective, ZTO Express ( ZTO ) will be dual-primary listed on the Hong Kong Stock Exchange in Hong Kong and the NYSE in the U.S.
The Seeking Alpha Quant Rating on ZTO is at Strong Buy and the quant score is the highest in the air freight and logistics sector.
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ZTO Express preps for dual listing in Hong Kong and U.S.