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Harneys advises S.F. Holding Co., Ltd. on the listing of its shares on the Hong Kong Stock Exchange

28 Nov 2024
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Harneys acted as British Virgin Islands and Cayman Islands legal counsel to S.F. Holding Co., Ltd. on the global offering and listing of its shares on the Main Board of the Hong Kong Stock Exchange. The listing completed on 27 November 2024 and raised proceeds of approximately US$748 million, making it one of the largest Hong Kong IPO this year.

A Fortune Global 500 company, S.F. Holding Co., Ltd. is a leading logistics service provider that offers a full spectrum of domestic and international logistics services. They offer a complete range of logistics services including express, freight, cold chain, intra-city on-demand, supply chain solutions and international logistics services, with an extensive global delivery network covering over 200 countries and regions, and supported by the largest air and ground delivery fleet in Asia.

The Harneys team comprised Partner Raymond Ng, Senior Associate Annie Liu, and Paralegal Matt Ip. Speaking about the project, Raymond said: “We are pleased to be involved in this landmark project of S.F. Holding Co., Ltd, a long standing client of ours. A household name in Asia, we look forward to continuing to assist them in strengthening their logistics capabilities and optimising their logistics network and service offerings in the years to come.”

The Corporate team at Harneys has a leading Equity Capital Markets (ECM) practice with substantial experience in all aspects of capital raising by offshore companies, including IPOs and secondary offerings, rights issues, equity linked securities, including convertible and exchangeable bonds, SPACs and business combinations, as well as private placements, take-privates, takeovers and spin-offs. The firm’s ECM expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, the Shanghai Stock Exchange and the Luxembourg Stock Exchange.