SF Holding and J&T Express enter strategic shareholding deal

S.F. Holding and J&T Global Express have signed a strategic cross-shareholding agreement worth about HKD 8.3 billion (USD 1.06 billion) to strengthen their international strategy and expand their global logistics presence. Under the deal, SF Holding will issue 226 million new H shares to J&T Express at HKD 36.74 (USD 4.71) per share, and J&T Express will issue 822 million Class B shares to SF Holding at HKD 10.10 (USD 1.29) per share. Once completed, SF Holding will own 10% of J&T Express and J&T Express will hold about 4.29% of SF Holding.

The companies said the partnership aims to bring together SF Holding’s cross-border line-haul expertise with J&T Express’s local last-mile operations, creating value for the global logistics ecosystem and improving end-to-end fulfilment for customers.

SF Holding, Asia’s largest integrated logistics service provider and the fourth largest worldwide, has built a strong presence in China and expanded its international business in areas such as cross-border services, warehousing and customs clearance. The company said it plans to use this collaboration to extend its network coverage and deepen its local operations overseas.

J&T Express, a global logistics provider, has grown rapidly across multiple countries and has developed extensive localised experience and network strength, particularly in Southeast Asia, one of the fastest-growing regions.

The agreement is expected to strengthen both firms’ international businesses by combining SF Holding’s core logistics resources with J&T Express’s last-mile network in emerging markets. It also aims to enhance domestic services by leveraging complementary network resources, customer bases and product offerings.

The companies said the collaboration aligns with SF Holding’s strategic goal of building a logistics network that is “The One in Asia, globally connected”, and supports efforts to increase competitiveness in Asian and global markets.