Shenzhen-listed S.F. Holding Co, China’s largest express delivery company, said it is planning a secondary listing in Hong Kong to further advance its internationalization strategy, forge an internationalized capital operating platform, and enhance the company’s international brand image and overall competitiveness, according to a filing to the Shenzhen Stock Exchange.
The company will price the shares after fully considering the interests of the company’s existing shareholders and the conditions of domestic and foreign capital markets and select a suitable timing and issuance window to complete the proposed listing in the next 18 months, it said.
The IPO proceeds will be usd to improve logistics networks and services, strengthen international logistics capabilities, develop advanced technologies and digital solutions, replenish working capital and general corporate purposes, it said.