日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Companies

SF eyes backdoor listing

By Wu Yiyao In Shanghai (China Daily) Updated: 2016-05-25 08:26

SF eyes backdoor listing

SF Express employees sort parcels at a distribution center in Shenzhen, Guangdong province.STEVEN WANG/CHINA DAILY

Rare-earth metals company Dingtai to be utilized in Shenzhen listing

SF Express, one of China's largest courier firms, is planning the reverse takeover of a rare-earth metals company, which will allow it a backdoor listing on the Shenzhen Stock Exchange.

The move came to light within a regulatory filing to the Shenzhen exchange by Maanshan Dingtai Rare Earth & New Materials Ltd, a little known Anhui-headquartered operation, and involves an asset swap and issuance of new shares.

If successful, the move - which values the eventual firm at 43.3 billion yuan ($6.6 billion) - will be the latest by a courier company seeking to leverage resources from the capital market.

SF Holdings, parent of SF Express, is named as the buyer, in what is described in the document as a plan to attract investors to fund its overseas expansion plans.

If the deal is approved by the China Securities Regulatory Commission, Dingtai will officially acquire SF Express, with the purchase funded by issuing new shares to the courier company.

Dingtai will be converted into a logistic company, controlled by SF Express Chairman and founder Wang Wei, according to the filing.

The 43.3-billion-yuan valuation would exceed the combined size of the two privately held Chinese couriers to reveal listing plans in recent months: YTO Express (17.5 billion yuan) and STO Express (16.9 billion yuan).

The filing describes the value as "reasonable", considering SF Express' current business model, market share and other performances indicators.

SF Holdings is known to be backed by leading private equity players including CITIC Capital Holding Ltd, Oriza Holdings, China Merchants Group and Jade Capital.

Shares in its intended shell company have been suspended from trading since April 5, according to the filing.

According to a research note by Minsheng Securities Co, SF Express is well ahead of its rivals in terms its infrastructure, talent pool, management model and most importantly, business model.

The logistics company is also expanding into other areas, such as payment and supply chain management, Minsheng said.

[email protected]

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品国产 | 日本欧美一区二区三区视频麻豆 | 婷婷在线五月 | 精品久久国产 | 成人国产mv免费视频 | 国产男女自拍视频 | 国产精品亚洲成在人线 | 午夜视频在线观看免费观看在线观看 | 日韩精品免费一级视频 | 成人福利视频网 | 性高湖久久久久久久久aaaaa | 成人爽A毛片免费啪啪 | 国内精品伊人久久久影视 | 激情五月激情综合网 | av免费在线观看av | 可米影院 | 99久9在线 | 免费 | 国产免费av在线 | 99热免费精品 | 日本高清成人 | 亚洲精品久久九九热 | 亚洲成人精品久久久 | 日韩成人在线观看 | √新版天堂资源在线资源 | 最新亚洲国产 | 丝袜捆绑调教视频免费区 | 狠狠色噜噜狠狠狠狠米奇7777 | 久久精品亚洲成在人线av网址 | 天堂一区二区三区四区 | 222奇米影视 | 91精品国产综合久久婷婷香蕉 | 亚洲午夜久久久久中文字幕久 | av789| 国产一区二区 | www.99av| 91色在线| 毛片看看 | aaa毛片在线 | 亚洲日本高清成人aⅴ片 | 日韩在线免费视频 | 九九影院理论片 |