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SF HOLDING Places Shrs at 8.8% Discount, Issues Convertible Bonds at 4.9% Premium to Raise HKD5.8B+ Net in Total
SF HOLDING (06936.HK) announced that it plans to place shares and issue convertible bonds to raise over HKD5.8 billion net. Specifically, SF HOLDING plans to place 70 million new H...
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SF HOLDING Places Shrs at 8.8% Discount, Issues Convertible Bonds at 4.9% Premium to Raise HKD5.8B+ Net in Total
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SF HOLDING (06936.HK)  +0.200 (+0.451%)    Short selling $133.88M; Ratio 51.938%   announced that it plans to place shares and issue convertible bonds to raise over HKD5.8 billion net.

Specifically, SF HOLDING plans to place 70 million new H-shares (around 29.2% of the enlarged H-share capital and about 1.4% of the total issued shares) at a price of HKD42.15 per share, representing around an 8.8% discount to yesterday's (25th) closing price of HKD46.2. It intends to use the net proceeds of around HKD2.933 billion for strengthening the group's international and cross-border logistics capabilities, research and development, enhancing capital structure, and general corporate purposes.

In addition, the company plans to issue the HKD2.95 billion zero coupon guaranteed convertible bonds due 2026 with the initial conversion price at HKD48.47 per H-share, representing around a 4.9% premium to yesterday's closing price of HKD46.2. These bonds can be fully converted into around 60.8593 million H-shares, about 26.4% of the enlarged H-share capital and about 1.2% of the total issued shares. The issuance is expected to raise around HKD2.901 billion net.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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