SF Holdings, known as China's Fedex, takes backdoor route to $6.6b listing

SF Holdings, known as China's Fedex, takes backdoor route to $6.6b listing

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Giant Chinese courier company SF Holdings (Group) has struck a 43.3 billion yuan ($6.6 billion) deal with a little-known metals company that effectively gives the firm known as ‘China’s Fedex a backdoor route to a listing on the Shenzhen stock market.

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