Chinese courier giant SF Holding seeks up to US$793 million from Hong Kong IPO

Quick Summary:

China’s largest express delivery company is selling 170 million shares at HK$32.30 to HK$36.30 each, with the listing to take place on November 27.

Other cornerstone partners, which agreed to hold shares for at least six months, include investment firm Oaktree Capital Management, a unit of Hong Kong property developer Sino Land, as well as a vehicle backed by the family of Henry Cheng Kar-shun, the billionaire chairman of property developer New World Development.

At the low end of the marketed range, the share sale would give SF a discount of about 29 per cent to its Shenzhen-listed stock as of Monday.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Hk$36 Company Shares Express Kong Firm Million China’s Hk$32 Hong Holding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 13:46:13 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 215 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 23690330

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