Three major financial groups join forces to acquire the 10 billion express delivery king

Zhitong
2025.10.19 08:04

After being suspended for 28 days, the logistics leader with a market value of 10 billion finally unveiled the mystery. On October 17th, ANE announced that it had received a conditional privatization proposal from major shareholder DaZheng Capital and two other consortiums, which may lead to its delisting from the Hong Kong Stock Exchange. ANE is the "King of Express Delivery" under a franchise model, led by Chairman Qin Xinghua, and has been listed for only four years. Upon the news, the market was shaken. At 1 PM on the 17th, ANE resumed trading, with its stock price plunging nearly 25% at one point, closing at HKD 9.14 per share, down about 10%, with a market value of HKD 10.75 billion. "The outcome of the negotiations remains uncertain, and it cannot be determined whether the acquisition proposal will ultimately lead to an offer for the shares," the announcement stated. Regarding this transaction, ANE's board is still considering. Express logistics industry expert Zhao Xiaomin analyzed to reporters that the privatization proposal is pending, and there may be differences between ANE's management and major shareholders

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