30 September, 2020
Skadden advised Shanghai-based ZTO Express, China's leading express delivery company, on its US$ 1.25 billion secondary listing of 45 million new shares on the Hong Kong Stock Exchange. ZTO Express plans to use the proceeds to expand its infrastructure capacity, strengthen network stability and invest in its logistics ecosystem. Trading commenced on 29 September, 2020. Skadden also advised ZTO Express on its US$ 1.4 billion initial public offering on the New York Stock Exchange in 2016.
The Skadden team was led by Hong Kong partners Julie Gao, Christopher Betts and Paloma Wang, and Shanghai partner Haiping Li, with Counsels Yuting Wu (Shanghai) and Anthony Pang (Hong Kong), Hong Kong associates Weiwei Chen, Allan Wan, Paul Lau and Sophie Zhao, and international legal manager Luwei Wang (Shanghai).
