STO Express (SHE:002468) is looking to raise up to 3 billion yuan from the issuance of six-year convertible bonds, according to a Tuesday filing with the Shenzhen bourse.
Proceeds will be used to fund a smart logistics equipment upgrade project and a trunk line transportation network enhancement project.
CITIC Securities (HKG:6030, SHA:600030) is the sponsor and underwriter of the issuance.
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