CHENGDU, Dec. 5 (NBD) -- YTO Express (600233, SH), first backdoor listing company in China's express sector, announced month ago stock suspension for major assets restructuring. It however declared an end to the reorganization last week. 

Same last week, YTO Express made public a private placement plan of 8.5 billion yuan (about 1.23 billion U.S. dollars) to expand its upstream and downstream chains. 

According to the announcement, YTO Express' restructuring plan focuses on a China's Top 5 express and logistics enterprise and the reason for incomplete restructuring is that some core terms of the acquisition scheme remain disagreeable between both companies.

Cai Weiyang, senior intellectual in express sector said in an interview with NBD, that since some express giants are listed now, it's normal for companies to expect to close a deal at a high price. This is to some extent accountable for YTO's unsuccessful acquisition scheme. 

Editor: Zeng Yunheng