Zhongtong Express completes repurchase of $982 million worth of bills.
20279.823363.011774.829.21202592
China Post Express announced that the company has completed the tender offer for the redemption of its notes due in 2027, repurchasing a total principal amount of $982 million. The redemption of the notes involved about 33.63 million American Depositary Shares' conversion rights, but the ADS' were not actually repurchased. After the repurchase, there is still a total outstanding principal amount of $177.48 million. The repurchase price per share was $29.21, and was completed on September 2, 2025.
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