申通快递股份有限公司关于境外子公司转让其参股公司股权、放弃优先购买权暨关联交易的进展公告
要点概述
- 申通快递股份有限公司（简称“申通快递”）的全资境外子公司 STO Express Investment Holding Pte. Ltd.（简称“新加坡申通”）已完成向 Ali CN Investment Holding Limited（简称“Ali CN”）转让其持有的 Cainiao Smart Logistics Network Limited（简称“菜鸟”）0.74%股份（共计114,094,165股）。
- 转让价格为每股0.62美元，总价70,738,382.30美元。
- 申通快递同期放弃了对该股份的优先购买权，并与 Ali CN 签订了股份购买协议（SHARE PURCHASE AGREEMENT）及选择表格（Election Form）。
- 截至2026年3月25日，新加坡申通已收到Ali CN支付的全部对价，包括主款及两个月利息，共计7,489,566.55美元（剩余10%对价及利息）。
- 本次交易完成后，新加坡申通已不再持有菜鸟的任何股权。
对股东和股价的影响
- 资金回笼： 申通快递通过本次交易回收了约7074万美元（加上剩余10%及利息共计超过7489万美元），有助于改善公司现金流，增强资本实力。
- 资产结构变化： 申通快递不再持有菜鸟的股份，意味着与阿里系在智能物流领域的合作关系结构发生变化，或对未来协同业务有一定影响。
- 税务处理： 剩余10%对价作为代扣代缴税款，税务费用将以主管机关最终认定为准，最终返还部分对价存在不确定性，可能影响最终收益。
- 关联交易： 本次交易涉及关联方，需持续关注相关监管政策及后续公告。
- 信息披露： 相关决议和进展公告已按规定在指定媒体及巨潮资讯网公开披露，保证透明度。
详细背景与进展
申通快递于2024年4月24日、第六届董事会第三次会议及2024年5月20日2023年度股东大会，审议通过了此次境外子公司股权转让及放弃优先购买权的议案。新加坡申通与Ali CN签署股份购买协议后，已于2024年6月27日收到90%对价（6,366.45万美元），剩余10%则作为代扣代缴税款。近日，Ali CN以电汇方式支付了剩余10%及相关利息。至此，全部款项已到账，股权名册变更已完成。
申通快递通过本次交易有效实现了资产变现，并获得了大量现金流，有利于公司后续经营与战略布局。与此同时，公司不再持有菜鸟的股份，需关注其与阿里等主要合作方未来关系的变化。
投资者需关注的风险与事项
- 本次交易金额较大，现金流入将对公司财务状况产生积极影响，可能对股价产生正面推动。
- 公司资产结构调整后，对未来业务协同及战略合作的影响尚需持续观察。
- 最终税务处理结果存在不确定性，建议投资者关注后续相关公告。
免责声明： 本文所载信息仅供参考，不构成任何投资建议。投资者应结合自身情况，谨慎决策。公司公告内容如有变动，请以公司后续公告为准。
STO Express Announces Completion of Overseas Subsidiary’s Equity Transfer in Cainiao, Relinquishment of Pre-emptive Rights, and Related Party Transaction Progress
Key Points Summary
- STO Express’s wholly-owned overseas subsidiary, STO Express Investment Holding Pte. Ltd. (“Singapore STO”), has completed the transfer of its 0.74% stake (114,094,165 shares) in Cainiao Smart Logistics Network Limited (“Cainiao”) to Ali CN Investment Holding Limited (“Ali CN”).
- The transfer price was set at USD 0.62 per share, totaling USD 70,738,382.30.
- STO Express also relinquished its pre-emptive rights for the shares and signed a Share Purchase Agreement and Election Form with Ali CN.
- As of March 25, 2026, Singapore STO had received the full payment from Ali CN, including the main consideration and two months’ interest, totaling USD 7,489,566.55 (representing the remaining 10% of the consideration and interest).
- Following this transaction, Singapore STO no longer holds any equity in Cainiao.
Shareholder and Share Price Impacts
- Cash Inflow: STO Express has recovered approximately USD 70.74 million from this transaction (with the final payment and interest totaling over USD 74.89 million), which will improve its cash flows and strengthen its capital base.
- Asset Structure Change: The company’s divestment in Cainiao changes its strategic collaboration structure with Alibaba-affiliated teams in the smart logistics sector, potentially affecting future business synergies.
- Tax Handling: The remaining 10% of the consideration was withheld for tax purposes, with the final tax amount to be determined by the authorities. Any surplus will be refunded, introducing some uncertainty to the final proceeds.
- Related Party Transaction: The transaction involves related parties and warrants ongoing attention to regulatory updates and further disclosures.
- Disclosure: All resolutions and updates have been duly published on official media and the designated information platform, ensuring transparency.
Detailed Background and Progress
STO Express’s board and annual general meeting, held on April 24 and May 20, 2024, approved the proposal for its overseas subsidiary to transfer its equity stake and relinquish pre-emptive rights. After signing the Share Purchase Agreement with Ali CN, Singapore STO received 90% of the consideration (USD 63.6645 million) by June 27, 2024. The remaining 10% was withheld for taxation purposes and has now been paid, along with agreed interest, via telegraphic transfer. The full payment has been received, and the shareholder register has been updated accordingly.
This transaction has allowed STO Express to realize significant asset monetization and generate strong cash flows, supporting its future operations and strategic plans. However, the company no longer holds Cainiao shares, and investors should monitor any changes in its relationship with Alibaba and other partners.
Risks and Issues for Investors
- The significant cash inflow may positively affect STO Express’s financial standing and share price.
- Changes in asset structure may impact future business collaboration and strategy.
- The final tax treatment is uncertain; investors should follow subsequent company disclosures.
Disclaimer: The information provided is for reference only and does not constitute investment advice. Investors should make prudent decisions in light of their own circumstances. Please refer to the company’s subsequent disclosures for any updates or changes.
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