Xin Lang Cai Jing·2026-01-15 00:29Core 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].