SF Holding and J&T EXPRESS-W hold shares in each other, involving an investment of 8.3 billion. SF Holding will become the second-largest shareholder of J&T EXPRESS-W
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SF Holding and J&T EXPRESS-W have reached a strategic mutual shareholding agreement, with an investment amount of 8.3 billion yuan, making SF Holding the second-largest shareholder of J&T. J&T will issue 822 million Class B shares to SF Holding, while SF Holding will issue approximately 226 million H shares to J&T. This cooperation aims to combine the resources of both parties to build an efficient global integrated logistics network and seize opportunities in e-commerce logistics development
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