Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
J&T Global Express Limited ( (HK:1519) ) has provided an announcement.
J&T Global Express has entered into a share subscription agreement with S.F. Holding under which it will subscribe for 225,877,669 H shares of S.F. Holding at HK$36.74 each, while S.F. Holding will subscribe for 821,657,973 Class B shares of J&T at HK$10.10 each. The deal, classified as a major transaction under Hong Kong listing rules, will give J&T a 4.29% stake in S.F. Holding and S.F. Holding an 8.45% stake in J&T’s enlarged share capital, without triggering consolidation of S.F. Holding’s results, and remains subject to shareholder approval, regulatory processes, and satisfaction of conditions precedent.
The most recent analyst rating on (HK:1519) stock is a Buy with a HK$13.40 price target. To see the full list of analyst forecasts on J&T Global Express Limited stock, see the HK:1519 Stock Forecast page.
More about J&T Global Express Limited
J&T Global Express Limited is a Hong Kong-listed express logistics company incorporated in the Cayman Islands with a weighted voting rights structure. The group focuses on parcel delivery and related logistics services across Asia, competing in the regional express and e-commerce logistics market.
Average Trading Volume: 22,661,199
Technical Sentiment Signal: Buy
Current Market Cap: HK$106.7B
See more insights into 1519 stock on TipRanks’ Stock Analysis page.