UPDATE 1-China courier group S.F. Holding's shares open flat in Hong Kong trading debut

Reuters11-27

(Adds details of deal in paragraph 2 and Hang Seng opening in paragraph 3)

SYDNEY, Nov 27 (Reuters) - Shares of Chinese courier group S.F. Holding opened flat on Wednesday in the company's trading debut after it raised $749.3 million in a Hong Kong listing.

The company, which is also listed in Shenzhen, sold 170 million shares priced at HK$34.30 a piece.

Hong Kong's Hang Seng Index opened up 0.2%.

The courier group, known for its flagship SF Express delivery business, is regarded as China's answer to FedEx

and DHL .

(Reporting by Scott Murdoch and Donny Kwok; Editing by Muralikumar Anantharaman)

((Scott.Murdoch@thomsonreuters.com;))

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