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HONG KONG, January 15, 2026 /PRNewswire/ — SF Holding Co., Ltd. (“SF Holding” or “SF”, “the Company”, 002352.SZ; 06936.HK), the largest integrated logistics service provider in Asia and the fourth largest globally, and J&T Global Express (“J&T Express” or “J&T”, 1519.HK) jointly announced today that they have entered into a strategic cross-shareholding agreement involving the mutual issuance of new shares, for a total investment amount of approximately 8.3 billion HKD.
Pursuant to the agreement, SF Holding will issue 226 million H shares to J&T Express at a subscription price of HKD 36.74 per share, J&T Express will issue 822 million Class B shares to SF Holding at an issue price of HKD 10.10 per share. Upon completion of the transaction, SF Holding will own 10% of the issued shares of J&T Express as enlarged by issuance (excluding treasury shares), and J&T Express will own approximately 4.29% of the issued shares of SF Holding as enlarged by issuance.
“We believe this is a win-win partnership that will inject new momentum into the global logistics landscape. Potential synergies between SF Holding’s cross-border transportation expertise and J&T Express’ localized last-mile footprint can create significant value for the global logistics ecosystem. the competitiveness of SF’s products and services across the world,” said Mr. Alex Ho, Executive Director and CFO of SF Holding.
SF Holding, as a leading global integrated logistics service provider, has long been committed to providing end-to-end integrated logistics solutions to its customers. While having established a leading presence in China, the Company has also made significant progress in expanding its international operations. SF Holding has key resource advantages in areas such as first-mile cross-border services, liner shipping, warehousing and customs clearance, and has already developed digitized international supply chain solutions and mature operational systems. The company is committed to continuing this expansion by strengthening the breadth of its international network coverage and the depth of its localized overseas operations. The Company believes that strategic investments with partners will help expand its international network coverage and improve end-to-end operational efficiencies.
J&T Express is a global logistics service provider that has experienced rapid growth in several countries. In addition to gaining scale in the Chinese market, J&T has accumulated rich localized operational experience and a strong network base in Southeast Asia, one of the fastest growing regions in the world.
The Transaction is of significant strategic importance for SF Holding. Regarding the Company’s international business, in addition to its key resource advantages and mature operational system in cross-border first-mile and line-haul transportation, SF Holding can also leverage J&T Express’ last-mile delivery network configuration in Southeast Asia and other emerging markets and its localized operational experience, thereby deepening the network coverage and product competitiveness of end-to-end cross-border business.
In terms of domestic business, both parties have significant complementary and synergistic space in terms of network resources, customer bases, product structure and differentiation, which will help both parties expand service frontiers.
Overall, this collaboration perfectly aligns with the Company’s strategic direction to build a “globally connected Asia’s” logistics network, and will provide strong support to the Company’s efforts to further consolidate and improve its overall competitiveness in the Asian and global logistics markets.
About SF Holding
Founded in 1993, SF Holding Co., Ltd. (002352.SZ; 06936.HK) is the largest integrated logistics service provider in Asia and the fourth largest in the world. Listed on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, SF Holding is the constituent stock of the CSI 300, MSCI Emerging Market Index. Demonstrating its commitment to being fast, reliable and customer-centric, the company has digital technology to promote the development of smart and green supply chains.
For more information, please visit https://ir.sf-express.com/fr/.
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SOURCE SF Holding Co., Ltd.
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