Sou Hu Cai Jing·2026-01-15 02:29Core Viewpoint - SF Holding and J&T Express have announced a strategic mutual shareholding agreement, involving a total investment of HKD 8.3 billion (approximately RMB 7.435 billion) [1][3] Group 1: Share Issuance Details - SF Holding will issue 226 million H shares to J&T Express at a price of HKD 36.74 per share [3] - J&T Express will issue 822 million B shares to SF Holding at a price of HKD 10.10 per share [3] - Post-transaction, SF Holding will own 10% of J&T Express, while J&T Express will hold 4.29% of SF Holding [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 [3] - The partnership will enhance end-to-end cross-border logistics solutions by combining SF Holding's core resources in cross-border and trunk segments with J&T Express's localized operations in 13 countries [3] - There is significant complementary synergy in domestic operations, including network resources, customer bases, and product structures, which will help expand service boundaries [3]