off-the-wire

Chinese courier giant SF picks banks for $3 bln Hong Kong listing - Bloomberg News

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 5 (Reuters) - China's largest express delivery firm SF Holding Co Ltd has started preparations for its Hong Kong listing, which could raise up to $3 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The Shenzhen-listed courier giant, also known as SF Express, is working with Goldman Sachs Group Inc , Huatai Securities and JPMorgan Chase & Co on the offering, according to the report.


A listing could happen as soon as this year, the report said, adding that talks were ongoing and details of the listing including the fundraising amount and timing could still change. SF Express, Goldman, Huatai and JPMorgan did not immediately respond to Reuters' requests for comment.


(Reporting by Gokul Pisharody in Bengaluru; Editing by Rashmi Aich)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.