Business
SF Holding and J&T Express Enter Subscription Agreement to Advance International Strategy and Enhance Global Logistics Presence
S.F. Holding Co., Ltd. ('SF Holding' or 'SF', 'the Company', 002352.SZ; 06936.HK) the largest integrated logistics service provider in Asia and the fourth largest globally, and J&T Global Express ("J&T Express" or "J&T", 1519.HK) jointly announced today that they have entered into a strategic cross-shareholding agreement involving the mutual issuance of new shares, with a total investment amount of approximately HKD 8.3 billion.
About this update from J&t Global Express Limited
[{"type":"text","content":"HONG KONG, Jan. 15, 2026 /PRNewswire/ -- S.F. Holding Co., Ltd. ('SF Holding' or 'SF', 'the Company', 002352.SZ; 06936.HK) the largest integrated logistics service provider in Asia and the fourth largest globally, and J&T Global Express ("J&T Express" or "J&T", 1519.HK) jointly announced today that they have entered into a strategic cross-shareholding agreement involving the mutual issuance of new shares, with a total investment amount of approximately HKD 8.3 billion.","length":544,"tagName":"p"},{"type":"text","content":"Pursuant to the agreement, SF Holding will issue 226 million H Shares to J&T Express at a Subscription Price of HKD 36.74 per share, J&T Express will issue 822 million Class B Shares to SF Holding at an Issue Price of HKD 10.10 per share. Upon completion of the transaction, SF Holding will hold 10% of the issued shares of J&T Express as enlarged by the issuance (excluding treasury shares), and J&T Express will hold approximately 4.29% of the issued shares of SF Holding as enlarged by the issuance.","length":523,"tagName":"p"},{"type":"text","content":""We believe this is a win-win partnership that will inject fresh momentum into the global logistics landscape. The potential synergies between SF Holding's cross-border line-haul expertise and J&T Express's localized last-mile footprint, can create significant value to the global logistics ecosystem. This can not only deepen SF's global reach and operational efficiency but also enable us to build a more agile, resilient end-to-end fulfillment network. Ultimately, this collaboration can elevate the customer end-to-end experience and advance the competitiveness of SF's products and services across the world," said Mr. Alex Ho, Executive Director and Chief Financial Officer of SF Holding.","length":724,"tagName":"p"},{"type":"text","content":"SF Holding, as a leading integrated logistics service provider globally, has long been committed to providing integrated, end-to-end logistics solutions for its customers. While having established a leading presence in China, the Company has also made significant progress in expanding its international business. SF Holding possesses core resource advantages in areas such as cross‑border first‑mile servi...