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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition