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
S.F. Holding Co., Ltd. Class H ( (HK:6936) ) has shared an announcement.
S.F. Holding Co., Ltd.’s controlling shareholder, Shenzhen Mingde Holding Development Co., Ltd., has pledged an additional 15.5 million A shares, equal to about 0.31% of the company’s issued share capital, as collateral for a commercial loan from China CITIC Bank’s Shenzhen Branch, an independent third-party financial institution. Following this latest transaction, Mingde Holding has a total of approximately 853.1 million A shares pledged, representing about 16.93% of S.F. Holding’s issued share capital, but the company stresses that these shares are not frozen, that the shareholder maintains good credit and repayment capacity, and that the risk of forced liquidation of the pledged shares is considered controllable, with a commitment to update the market should that risk change.
The most recent analyst rating on (HK:6936) stock is a Hold with a HK$37.00 price target. To see the full list of analyst forecasts on S.F. Holding Co., Ltd. Class H stock, see the HK:6936 Stock Forecast page.
More about S.F. Holding Co., Ltd. Class H
S.F. Holding Co., Ltd. is a leading express logistics group from mainland China, listed in Hong Kong, providing parcel delivery and related logistics services to retail, corporate and e-commerce customers across domestic and international markets.
Average Trading Volume: 2,209,682
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$204B
For an in-depth examination of 6936 stock, go to TipRanks’ Overview page.