J&T Express and SF Holding announce $1.1 billion cross-shareholding deal to strengthen global logistics
Chinese logistics companies J&T Global Express and SF Holding have announced a strategic cross-shareholding agreement involving HKD8.3 billion (approximately $1.1 billion) in mutual investments. The deal represents a significant consolidation within China’s competitive logistics sector as companies seek to strengthen their positions in the global market. Under the agreement, J&T Express will issue 822 million […]