Linklaters advises on SF Holding’s HK$5.9bn placing of shares and convertible bond issuance

Linklaters advised the joint lead managers on the approximately HK$2.95bn (approximately US$378m) placing of shares and the concurrent issuance of approximately HK$2.95bn (approximately US$378m) of convertible bonds by S.F. Holding Co., Ltd. (SF Holding). 

Listed on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, SF Holding is the largest comprehensive logistics service provider in China and Asia. The proceeds from the transaction will be used to strengthen the company’s international and cross-border logistics capabilities, and to support research and development of advanced technologies and digital solutions, among others. 

The Linklaters team was led by capital markets partner Taiki Ki and corporate partner Donnelly Chan, with support from solicitors Austin Ho and Jun Tang.

This transaction reinforces Linklaters’ strong track record advising on significant equity-linked transactions in the Asia Pacific region. The team recently acted on a number of the market’s most high-profile deals, including Ping An Insurance’s HK$11.765bn convertible bonds, Chow Tai Fook Jewellery Group’s HK$8.8bn convertible bond issuance, as well as share placings for Innovent Biologics and Keymed Biosciences.