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<IPO>S.F.HOLDING (002352.SZ) Reportedly Plans $7.8B Secondary HK IPO at End-Nov
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The Chinese logistics powerhouse S.F.HOLDING (002352.SZ) plans to conduct a secondary listing in Hong Kong on November 27 and may raise about US$1 billion (about HK$7.8 billion), Bloomberg, citing people familiar with the matter, reported. According to the preliminary prospectus, the net proceeds will be used to strengthen international and cross-border logistics capabilities; upgrade and optimize the logistics network and services in China; research and develop advanced technologies and digital solutions. The remaining balance will be used for working capital and general corporate purposes. The joint sponsors are Goldman Sachs, Huatai International and JP Morgan. AAStocks Financial News |
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