China’s largest delivery company SF Express is planning its second listing in Hong Kong to raise as much as US$3 billion (20.73 billion yuan), Bloomberg reported on Friday. The report said SF Express is working with Goldman Sachs, Huatai Securities and JPMorgan on the offering.
The company did not respond to Jiemian News’ inquiry on the matter.
SF Express went public in 2017 on the Shenzhen Stock Exchange via a backdoor listing. The company merged with Shenzhen-listed Maanshan Dingtai Rare Earth and New Materials through an asset swap, and used it as a shell company to list on the local bourse.
