STO Express (SHE:002468) is looking to issue up to 3 billion yuan in convertible bonds with a maturity of six years, according to a Tuesday filing with the Shenzhen Stock Exchange.
The delivery services company plans to use the proceeds to fund its smart logistics equipment upgrade and trunk line transportation network enhancement projects.
CITIC Securities (HKG:6030, SHA:600030) will be the underwriter of the bond issuance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.