King & Wood Mallesons advises YTO Express on becoming the first listed company in China’s express industry
Advised by King & Wood Mallesons (KWM), YTO Express Co., Ltd. (YTO Express, stock code: 600233) completed its back-door listing by acquiring Dalian Dayang Trands Co., Ltd. (Dayang Trands, 600233.SH) on 20 October 2016 to become the first listed company in China’s express industry. In the transaction, the major asset restructuring included the sale of major assets, assets purchase via shares issuance and fund raising via shares issuance.