J&T Global Express and S.F. Holding Announce Mutual Share Subscription Agreement

Reuters01-15 08:00
J&T Global Express and S.F. Holding Announce Mutual Share Subscription Agreement

J&T Global Express Limited has announced a major transaction involving a share subscription agreement with S.F. Holding. Under the agreement, J&T Global Express will subscribe for 225,877,669 H Shares of S.F. Holding at a price of HKD36.74 per share. In return, J&T Global Express will issue 821,657,973 Class B Shares to S.F. Holding. The completion of the transactions is conditional on S.F. Holding continuing to hold at least 8% of J&T Global Express's issued shares, the absence of material conflicts in developing business synergies, and continued progress in their strategic partnership.

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