SF Holdings' $6.6b reverse takeover set in motion

The historically media-shy Chinese logistics giant is looking to fast-track its way onto the market with the help of a Shenzhen-listed rare earth metals firm.

SF Holdings' $6.6b reverse takeover set in motion

Packages and rare earth metals make an unlikely combination but for S.F. Holdings Group, China’s largest express delivery firm, it has unlocked a backdoor Shenzhen listing via a Rmb43.3 billion $6.6 billion reverse takeover.

In a stock exchange filing on Monday, little known Maanshan Dingtai Rare Earth New Materials said it planned to take over privately run S.F. in an asset-swap transaction that will give China’s Fedex access to public capital markets...

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