---
title: "S.F. Holding’s Controlling Shareholder Partially Lifts Pledge on A Shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286116659.md"
description: "S.F. Holding Co., Ltd. announced that its controlling shareholder, Shenzhen Mingde Holding Development Co., has partially lifted the pledge on 22 million A shares, which is 0.89% of Mingde's stake and 0.44% of S.F. Holding's total share capital. This release reduces Mingde's pledged ratio, potentially improving its financing position and lowering risks for minority shareholders. Mingde still holds approximately 2.46 billion A shares, with 793 million shares remaining pledged. The latest analyst rating for S.F. Holding is a Buy with a price target of HK$43.00."
datetime: "2026-05-12T13:26:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286116659.md)
  - [en](https://longbridge.com/en/news/286116659.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286116659.md)
---

# S.F. Holding’s Controlling Shareholder Partially Lifts Pledge on A Shares

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S.F. Holding Co., Ltd. Class H ( (HK:6936) ) has issued an announcement.

S.F. Holding announced that its controlling shareholder, Shenzhen Mingde Holding Development Co., has released the pledge on a portion of its A-share holdings in the company. The released pledge covers 22 million shares, representing 0.89% of Mingde’s stake and 0.44% of S.F. Holding’s total share capital, and was originally pledged in May 2023 to a bank branch in Fuzhou.

After this transaction, Mingde Holding still owns approximately 2.46 billion A shares, or 48.85% of S.F. Holding’s total share capital, with about 793 million shares remaining pledged. The partial 解除 of the share pledge reduces Mingde’s overall pledged ratio, which may signal a modest improvement in its financing position and slightly lowers pledge-related risks for minority shareholders and creditors.

The most recent analyst rating on (HK:6936) stock is a Buy with a HK$43.00 price target. To see the full list of analyst forecasts on S.F. Holding Co., Ltd. Class H stock, see the HK:6936 Stock Forecast page.

**More about S.F. Holding Co., Ltd. Class H**

S.F. Holding Co., Ltd. is a leading Chinese express logistics company, providing parcel delivery, supply chain and related logistics services across mainland China and international markets. The company focuses on serving e-commerce, retail and industrial clients with integrated transportation and warehousing solutions, and its H shares are listed in Hong Kong while A shares trade on the mainland.

**Average Trading Volume:** 1,681,885

**Technical Sentiment Signal:** Hold

**Current Market Cap:** HK$207.8B

Find detailed analytics on 6936 stock on TipRanks’ Stock Analysis page.

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