On November 27, 2024, S.F. Holding Co., Ltd. (6936.HK, SF Holding) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx). The total amount raised from this listing is approximately HKD 5.83 billion, making it the second-largest IPO in 2024 to date, following Midea Group. CBI is honored to participate in the due diligence work for this IPO project.

As one of the world's leading integrated logistics service providers, SF Holding offers a complete range of logistics services to customers, including express, freight, cold chain, intra-city on-demand, supply chain solutions and international logistics services. The company boasts a global delivery network covering over 200 countries and regions, supported by the largest air and ground delivery fleets in Asia, serving nearly 700 million customers.
In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the group company, its directors and shareholders, providing information regarding litigation records, directorship records, and related company searches, etc. The scope of the investigation covered five countries and regions, including China, Hong Kong, and Thailand, etc.