SF Holding announces REIT listing on Shenzhen Exchange

SF Holding [SZSE:002352] announced that its "Southern SF Logistics REIT" will be listed on the Shenzhen Stock Exchange, with the trading code "180305," starting April 21, 2025. The REIT successfully raised CNY 3.29 billion through the issuance of 1 billion shares at CNY 3.290 per share. Strategic placements accounted for 70% of the offering, with SF Holding's subsidiaries subscribing to 34% of the total shares. The remaining shares were allocated to offline investors (22%) and public investors (8%). SF Holding intends to reinvest the funds raised into other logistics infrastructure projects.