SF Express’s parent company SF Holding has submitted an application for a listing on Watch The Grey OnlineAugust 21, according to publicly available information from the Hong Kong stock exchange. If the listing in Hong Kong is successful, SF Holding will become the first company in the express delivery industry to be listed on both the mainland China stock market (A-share market) and the Hong Kong stock exchange (H-share market). Established in 1993 and headquartered in Shenzhen, SF Holding went public on the Shenzhen stock exchange through a reverse merger listing in 2017. In July of this year, the combined revenue from the company’s express logistics, supply chain, and international business amounted to RMB 19.581 billion ($2.8 billion), reflecting a 14.68% year-on-year decrease. [IThome, in Chinese; SF Holding filing]
