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S.F. Holding Co., Ltd. Class H ( (HK:6936) ) has issued an announcement.
S.F. Holding announced that its controlling shareholder, Shenzhen Mingde Holding Development Co., has released the pledge on a portion of its A-share holdings in the company. The released pledge covers 22 million shares, representing 0.89% of Mingde’s stake and 0.44% of S.F. Holding’s total share capital, and was originally pledged in May 2023 to a bank branch in Fuzhou.
After this transaction, Mingde Holding still owns approximately 2.46 billion A shares, or 48.85% of S.F. Holding’s total share capital, with about 793 million shares remaining pledged. The partial解除 of the share pledge reduces Mingde’s overall pledged ratio, which may signal a modest improvement in its financing position and slightly lowers pledge-related risks for minority shareholders and creditors.
The most recent analyst rating on (HK:6936) stock is a Buy with a HK$43.00 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 Chinese express logistics company, providing parcel delivery, supply chain and related logistics services across mainland China and international markets. The company focuses on serving e-commerce, retail and industrial clients with integrated transportation and warehousing solutions, and its H shares are listed in Hong Kong while A shares trade on the mainland.
Average Trading Volume: 1,681,885
Technical Sentiment Signal: Hold
Current Market Cap: HK$207.8B
Find detailed analytics on 6936 stock on TipRanks’ Stock Analysis page.