China's 'Fedex' takes backdoor route to 43.3b yuan Shenzhen listing

Hong Kong

GIANT Chinese courier company SF Holdings (Group) has struck a 43.3 billion yuan (S$9.1 billion) deal with a little-known metals company that effectively gives the firm known as "China's Fedex" a backdoor route to a listing on the Shenzhen stock market.

With an eye on attracting investors as it lines up expansion overseas, SF Holdings has reached an asset swap and new share accord with Maanshan Dingtai Rare Earth & New Materials Ltd , the latter said in a filing.