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<IPO>S.F.HOLDING Re-submits HK Main Board Listing Application; CSRC Offshore Listing Filing Secured

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2024-07-02 09:45

S.F.HOLDING (002352.SZ) has re-submitted its application for listing on the Main Board of the Stock Exchange of Hong Kong (SEHK), with Goldman Sachs, ...

  S.F.HOLDING (002352.SZ) -0.330 (-0.935%) has re-submitted its application for listing on the Main Board of the Stock Exchange of Hong Kong (SEHK), with Goldman Sachs, Huatai International and JPMorgan as joint sponsors.

  According to the preliminary prospectus, S.F.HOLDING is the largest integrated logistics service provider in China and Asia and the fourth largest in the world in terms of revenue in 2023, based on market research organisations' data. It provides express delivery, express freight, cold freight, same-city real-time delivery, supply chain solutions and international logistics services.

  As of the end of last year, the Group's global distribution network covered 202 countries and regions, with approximately 2 million active monthly customers and about 663 million bulk customers. Last year, S.F. recorded revenue of RMB258.409 billion, down 3.4% YoY, while net profit increased by 32.2% to RMB8.234 billion.

  S.F.HOLDING was approved by the China Securities Regulatory Commission (CSRC) for listing in Hong Kong early last month. According to the notification of filing, S.F. intends to issue no more than 625 million overseas listed ordinary shares and list them on the SEHK.

  (A Shares quote is delayed for at least 15 mins.)

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