Friday, July 1, 2016

UPDATE 1-Yunda Express to go public in $2.7bln reverse merger

SINGAPORE, July 1 (Reuters) - Chinese courier company

Shanghai Yunda Express has inked an 18 billion yuan ($2.7

billion) reverse merger deal with Shenzhen-traded Ningbo Xinhai

Electric, the latest delivery firm to use a backdoor

listing as a means to tap capital market funds.

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