83亿港元战略相互持股！顺丰极兔再“牵手”

Core Viewpoint - SF Holding and Jitu Express have announced a strategic mutual shareholding agreement, involving a total investment of HKD 8.3 billion, aimed at enhancing their business collaboration and capital cooperation [1][2] Group 1: Investment Details - SF Holding plans to acquire 822 million newly issued Class B shares of Jitu Express at a price of HKD 10.10 per share, totaling approximately HKD 8.3 billion, which will represent about 8.45% of Jitu's expanded issued share capital [1] - After the transaction, SF Holding will hold 972 million Class B shares of Jitu Express, accounting for 10% of Jitu's total issued shares [1] - Jitu Express will issue 226 million H shares to SF Holding at a price of HKD 36.74 per share, resulting in Jitu holding 4.29% of SF Holding's shares post-transaction [1] Group 2: Historical Context and Strategic Importance - This is not the first collaboration between SF Holding and Jitu Express; in May 2023, SF sold its franchise-based express business to Jitu for HKD 1.18 billion, allowing SF to mitigate losses from the business while enabling Jitu to expand its market share [2] - The mutual shareholding signifies a deepening of the strategic partnership between the two companies, moving from operational collaboration to a more integrated capital and strategic alliance [2] Group 3: Industry Context - The logistics industry is currently experiencing accelerated consolidation and group operations, as evidenced by recent developments such as the delisting of Debon Logistics and the privatization of Dada Group by JD Logistics [3] - SF Holding aims to enhance its international network coverage and operational efficiency through strategic investments and collaborations, particularly in cross-border logistics [3][4] - Jitu Express reported a significant increase in package volume, with a total of 30.13 billion packages in 2025, marking a 22.2% year-on-year growth, driven by strong performance in Southeast Asia and new markets [3]