顺丰控股（06936）与极兔速递-W（01519）拟互认股份，早盘逆市高开，截至发稿，顺丰控股上涨 3.73%，报36.68港元；极兔速递-W上涨2.56%，报12.04港元。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 责任编辑：卢昱君 顺丰控股（06936）与极兔速递-W（01519）拟互认股份，早盘逆市高开，截至发稿，顺丰控股上涨 3.73%，报36.68港元；极兔速递-W上涨2.56%，报12.04港元。 ...

Core Viewpoint - SF Holding and Jitu Express have announced a strategic mutual shareholding agreement, marking a significant milestone in their partnership and aiming to enhance their global logistics network [1] Group 1: Strategic Partnership - SF Holding and Jitu Express will invest a total of HKD 8.3 billion in each other through new share issuance [1] - After the transaction, SF Holding will own 10% of Jitu Express, while Jitu Express will hold 4.29% of SF Holding [1] - The founders of both companies emphasized that this mutual shareholding represents a deepening of their long-term strategic partnership [1] Group 2: Market Impact - Following the announcement, SF Holding's stock rose by 2.94% to HKD 36.4, and Jitu Express's stock increased by 2.13% to HKD 11.99 [1] - The collaboration aims to leverage opportunities in cross-border e-commerce and enhance supply chain value for customers [1]

Core Insights - SF Holding and J&T Express have announced a strategic mutual shareholding agreement involving a total investment of HKD 8.3 billion, aimed at enhancing their global logistics network and better serving Chinese enterprises going abroad [1][2] Group 1: Strategic Partnership - The mutual shareholding will see SF Holding issue 226 million H shares at HKD 36.74 per share, while J&T Express will issue 822 million Class B shares at HKD 10.10 per share [1] - Post-transaction, SF Holding will own 10% of J&T Express, and J&T Express will hold 4.29% of SF Holding [1] - This partnership is expected to leverage both companies' strengths to create a more efficient and resilient global logistics network [1][2] Group 2: Company Profiles - SF Holding is the largest logistics service provider in China and Asia, ranked 393rd in the Fortune Global 500, offering end-to-end logistics solutions across approximately 200 countries [3] - J&T Express, founded in 2015, is a leading logistics operator in Southeast Asia and China, with a presence in 13 countries, focusing on customer-centric and efficient logistics solutions [4]

来源：格隆汇APP 根据《认购协议》条款，公司拟根据一般性授权在香港联交所向极兔速递或其指定主体发行225,877,669 股新H股。本次H股发行的价格为每股36.74港元。H股发行完成后，本次H股发行的募集资金净额预计 约为82.89亿港元。公司计划将本次H股发行的募集资金净额用于支付集团在极兔股份发行项下应支付的 对价。 交易完成后，顺丰控股将持有极兔速递10%的股份，极兔速递将持有顺丰控股4.29%的股份。 格隆汇1月15日丨顺丰控股(002352.SZ)公布，公司与极兔速递签署《认购协议》，根据《认购协议》， 公司拟通过境外全资附属公司认购极兔速递新发行的821,657,973股B类股份。极兔股份发行的价格为每 股10.10港元，集团为极兔股份发行支付的总对价约为82.99亿港元。 ...

Core Viewpoint - The announcement details a conditional share subscription agreement between Jitu Express and SF Holding, which involves the subscription of 226 million H shares at HKD 36.74 per share and 822 million B shares at HKD 10.10 per share, totaling approximately HKD 82.99 billion for the company [1]. Group 1: Company Overview - Jitu Express is a global logistics service operator that has achieved rapid growth in multiple countries, particularly in Southeast Asia, leveraging localized operational experience and a solid network foundation [2]. - SF Holding is the largest logistics service provider in China and Asia, ranked 393rd on the Fortune Global 500 list, offering end-to-end comprehensive logistics solutions across approximately 200 countries and regions [2]. Group 2: Strategic Importance of the Transaction - The investment in SF Holding is strategically significant for Jitu Express, as it establishes a solid trust foundation for deeper cooperation, expanding service and network coverage to benefit customers [3]. - The collaboration will enhance Jitu Express's international business capabilities by combining its strong last-mile delivery network and localized operational experience with SF Holding's core resources and mature operational systems in cross-border logistics [3]. - The partnership is expected to leverage complementary strengths in network resources, product differentiation, and customer bases, aiding both companies in expanding their service boundaries and enhancing competitiveness in the global logistics market [3].

Core Insights - J&T Express and SF Express have announced a strategic mutual shareholding agreement involving a total investment of HKD 8.3 billion, aimed at enhancing their logistics capabilities and expanding their global network [1][2] Group 1: Shareholding Agreement Details - J&T Express will issue 822 million Class B shares to SF Express at a price of HKD 10.10 per share, while SF Express will issue 226 million H shares to J&T Express at a price of HKD 36.74 per share [1] - Post-transaction, SF Express will hold 10% of J&T Express, and J&T Express will hold 4.29% of SF Express [1] Group 2: Strategic Objectives - The collaboration aims to leverage both companies' strengths to build a more efficient and resilient global integrated logistics network, particularly to support Chinese enterprises in international markets and the evolving landscape of global e-commerce logistics [1] - The mutual shareholding is expected to enhance end-to-end cross-border logistics solutions by combining J&T's local operational advantages in 13 countries with SF's core resources in cross-border and trunk logistics [1] Group 3: Leadership Statements - The founders of both companies emphasized that this mutual shareholding marks a significant milestone in their long-standing partnership, transitioning from business collaboration to a tighter strategic alliance [2] - The partnership is positioned to capitalize on historical opportunities presented by Chinese enterprises going global and the growth of cross-border e-commerce, aiming to create superior global supply chain value for customers [2]

Group 1 - The core point of the announcement is that Jitu Express (极兔速递-W) has entered into a conditional share subscription agreement with SF Holding (顺丰控股), agreeing to subscribe for 226 million H shares at a price of HKD 36.74 per share and 822 million Class B shares at HKD 10.10 per share, totaling approximately HKD 82.99 billion [1] - After the transaction, Jitu Express will hold about 4.29% of the enlarged issued shares of SF Holding, meaning SF Holding will not become a subsidiary of Jitu Express, and its financial results will not be consolidated into Jitu Express's financial statements [1] - The subscription shares will represent approximately 9.15% of Jitu Express's issued share capital as of the announcement date and about 8.45% of the enlarged issued share capital after the subscription [1] Group 2 - The group is a global logistics service operator that has achieved rapid growth in multiple countries, particularly in Southeast Asia, where it has established a strong localized operational experience and network [2] - SF Holding is the largest logistics service provider in China and Asia, ranked 393rd in the Fortune Global 500, offering end-to-end integrated logistics solutions with a broad global service network covering around 200 countries and regions [2] - The strategic significance of this transaction lies in establishing a solid trust foundation between Jitu Express and SF Holding, facilitating deeper cooperation and expanding service and network coverage to benefit customers [3] - The collaboration will enhance both companies' capabilities in domestic and international logistics, leveraging Jitu Express's strong last-mile delivery network and local operational experience alongside SF Holding's core resources in cross-border logistics [3]

Core Viewpoint - J&T Express and SF Holding have announced a strategic mutual shareholding agreement, with a total investment amount of HKD 8.3 billion, aimed at enhancing their logistics network and services for Chinese enterprises and global e-commerce [1][3]. Group 1: Shareholding Agreement Details - J&T Express will issue 822 million Class B shares to SF Holding at a price of HKD 10.10 per share [1][3]. - SF Holding will issue 226 million H shares to J&T Express at a price of HKD 36.74 per share [1][3]. - Post-transaction, SF Holding will hold 10% of J&T Express, while J&T Express will hold 4.29% of SF Holding [1][3]. Group 2: Strategic Objectives - The collaboration aims to leverage both companies' strengths to build a more extensive, efficient, and resilient global integrated logistics network [1][3]. - J&T Express will utilize its end network and localized operational advantages in 13 countries, while SF Holding will contribute its core resources and mature operational systems in cross-border logistics [1][3]. - The partnership is expected to enhance the competitiveness of end-to-end cross-border logistics solutions and expand service boundaries in China [1][3]. Group 3: Leadership Statements - Founders of both companies emphasized that this mutual shareholding marks a significant milestone in their long-term partnership, transitioning from business collaboration to a closer strategic win-win relationship [2][4]. - They aim to create a more efficient global smart logistics network to seize historical opportunities presented by Chinese enterprises going global and cross-border e-commerce [2][4].

根据《认购协议》条款，公司拟根据一般性授权在香港联交所向极兔速递或其指定主体发行225,877,669 股新H股。本次H股发行的价格为每股36.74港元。H股发行完成后，本次H股发行的募集资金净额（扣 除佣金和预计开支后）预计约为82.89亿港元。公司计划将本次H股发行的募集资金净额用于支付集团在 极兔股份发行项下应支付的对价。 顺丰控股1月15日公告，公司与极兔速递签署《认购协议》，根据《认购协议》，本公司拟通过境外全 资附属公司认购极兔速递新发行的821,657,973股B类股份。极兔股份发行的价格为每股10.10港元，集团 为极兔股份发行支付的总对价约为82.99亿港元。 ...

Core Viewpoint - The strategic investment agreement between Jitu Express and SF Holding is expected to enhance collaboration and expand service coverage, benefiting both companies and their customers [1][2]. Group 1: Investment Details - Jitu Express has agreed to subscribe to approximately 226 million shares of SF Holding at a price of HKD 36.74 per share, totaling around HKD 82.99 billion [1]. - The issuance of approximately 822 million Class B shares at HKD 10.10 per share will also occur, with Jitu Express holding about 4.29% of SF Holding's expanded issued shares post-transaction [1]. - The total consideration for the subscription will be funded through proceeds from the issuance of shares under general authorization [1]. Group 2: Strategic Significance - The transaction is deemed strategically important, establishing a solid trust foundation between Jitu Express and SF Holding, which will facilitate deeper cooperation [2]. - The collaboration aims to leverage Jitu Express's strong end-delivery network and local operational experience with SF Holding's core resources in cross-border logistics, enhancing end-to-end service capabilities [2]. - The partnership is expected to complement both companies' network resources and product structures, aiding in the expansion of service boundaries and improving competitiveness in the global logistics market [2].