FilingReader Intelligence

SF Holding plans H share placement, convertible bond issue

June 27, 2025 at 11:11 AM UTCBy FilingReader AI

SF Holding (SZSE:002352) announced plans for a placement of new H shares on the Hong Kong Stock Exchange and a HK$2.95 billion corporate bond issuance by its wholly-owned subsidiary, SF Holding Investment 2023 Limited. The placement will involve 70 million new H shares at HK$42.15 per share, expected to yield net proceeds of approximately HK$2.9327 billion. Simultaneously, the subsidiary will issue convertible bonds with an initial conversion price of HK$48.47 per share, potentially resulting in approximately 60.859 million additional H shares. The funds raised will be allocated towards enhancing international logistics capabilities, research and development, optimization of capital structure, and general corporate purposes. Goldman Sachs (Asia) and China Securities are serving as placement agents. The bond issuance and share placement are both subject to customary conditions.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002352Shenzhen Stock Exchange

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