J&T Global Express and SF Holding Announce Strategic Cross-Shareholding to Build a New Global Smart Logistics Ecosystem

HONG KONG, Jan. 15, 2026 /PRNewswire/ -- J&T Global Express ("J&T Express" or "J&T", 1519.HK), a global leading integrated logistics service operator, and S.F. Holding Co., Ltd. ("SF Holding", 002352.SZ, 6936.HK) jointly announced today that they have entered into a strategic cross-shareholding agreement involving the mutual issuance of new shares, with an investment and transaction amount of HKD8.3 billion.

Pursuant to the agreement, J&T Express will issue 822 million Class B Shares to SF Holding at an Issue Price of HKD10.10 per share; simultaneously, SF Holding will issue 226 million H Shares to J&T Express at a Subscription Price of HKD36.74 per share. Upon completion, SF Holding will hold 10% of the issued shares of J&T Express as enlarged by the issuance, and J&T Express will hold approximately 4.29% of the issued shares of SF Holding as enlarged by the issuance.

This collaboration is designed to deeply integrate the resources of both industry leaders. The goal is to jointly construct a more extensive, efficient, and resilient global integrated logistics network, better positioning both companies to serve Chinese companies expanding overseas and adapt to the evolving landscape of the global e-commerce logistics market.

The cross-shareholding structure aims to unlock highly complementary strategic synergies. J&T brings its extensive last-mile network and localized operational experience across 13 countries, pairing effectively with SF Holding's core resources and mature operating systems in cross-border first-mile and line-haul. Together, the parties will enhance the network coverage and competitiveness of their end-to-end cross-border logistics solutions. In the China market, large complementarities in network resources, customer bases, product structures, and differentiated positioning will create broad opportunities to expand service boundaries.

In a joint statement, Mr. Jet Lee, founder of J&T  Express, and Mr. Wang Wei, founder of SF Holding, noted that the two companies are long-standing strategic partners and that this cross-shareholding marks a major milestone, elevating their relationship from operational collaboration to a closer, mutually beneficial strategic partnership. They will work together to build a more efficient global smart logistics network, seize the historic opportunities created by Chinese enterprises going global and the rise of cross-border e-commerce, and deliver greater value to customers across global supply chains.

About J&T Express

J&T Express (1519.HK) is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express' network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its "customer-oriented and efficiency-based" mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

About SF Holding

S.F. Holding Co., Ltd. (002352.SZ; 06936.HK)  is the largest integrated logistics service provider in Asia and the fourth largest globally, ranking 393rd on the Fortune Global 500 list. The company provides customers with comprehensive, end-to-end domestic and international logistics solutions. SF Holding boasts an extensive global service network, with its business covering approximately 200 countries and regions, and holds leading positions across multiple logistics segments. SF harnesses technology to empower customers in building secure and efficient smart supply chains, with the vision of becoming the well-respected and the world's leading digital intelligence logistics solution provider.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

J&T Global Express and SF Holding Announce Strategic Cross-Shareholding to Build a New Global Smart Logistics Ecosystem

J&T Global Express and SF Holding Announce Strategic Cross-Shareholding to Build a New Global Smart Logistics Ecosystem

J&T Global Express and SF Holding Announce Strategic Cross-Shareholding to Build a New Global Smart Logistics Ecosystem

HONG KONG, June 21, 2026 /PRNewswire/ -- Following its successful debut at the Hong Kong Cultural Centre in Tsim Sha Tsui, the Harmonious Horse International Exhibition Tour, organised by the DC Charity Foundation and presented by The Hong Kong Jockey Club, has moved to Tamar Park in Admiralty. An official opening ceremony was held on June 19, marking the start of the exhibition's second community stop.

Centred on the equine sculptures created by renowned artist Simon Ma, the exhibition celebrates the profound bond between humans and horses, symbolising The Hong Kong Jockey Club's commitment to journeying hand‑in‑hand with the community. With its striking displays, Tamar Park has quickly become a vibrant new art hotspot for local residents and visitors alike.

The exhibition is one of the flagship events of The Hong Kong Jockey Club's Year of the Horse celebrations. The opening ceremony was graced by distinguished guests, including Rosanna Law, Secretary for Culture, Sports and Tourism of the HKSAR Government; Winfried Engelbrecht‑Bresges, Chief Executive Officer of The Hong Kong Jockey Club; Samantha, Chairperson of Group Activities Advisory Committee of the "Strive and Rise Programme"; and artist Simon Ma. Together, they unveiled the exhibition, witnessing a significant moment where art and community converge.

As the curator of the touring exhibition, Simon Ma has woven the philosophy of "harmony and inclusion" into every facet of the event. He emphasises that art should not remain aloof but should be "a living, breathing, and genuine experience that comes from play and interaction." At the Tamar Park stop, in addition to two towering "Harmonious Horse" sculptures – each over three metres tall – created by Ma himself, the grounds feature multiple horse sculptures co‑created by members of the community. This initiative breaks down the barriers between artist and public, allowing citizens of all ages and backgrounds to experience the warmth and inclusivity of art through creation and appreciation.

This spirit of inclusion extends beyond community co‑creation to a cross‑disciplinary dialogue between culture and technology. Using the horse as a spiritual link, the exhibition brings together the traditional Chinese virtues of perseverance and unity with contemporary multimedia installation art. Notably, from every Friday to Sunday evening, between 8:00 pm and 9:00 pm, the exhibition features a special horse‑themed light projection show. Through innovative projection technology, the static sculptures are brought to life with a sense of motion and power, offering visitors a stunning photo opportunity while vividly demonstrating the unique charm of traditional culture merging with modern technology.

The Harmonious Horse International Exhibition Tour, curated by Simon Ma and fully supported by The Hong Kong Jockey Club, is open to the public free of charge at Tamar Park from today until 28 June 2026. Following the Hong Kong stop, the exhibition will travel to Shenzhen, Guangzhou, Shanghai, and Beijing, continuing its community engagement journey and enabling more citizens to appreciate the fusion of horse culture and contemporary art.

From Tsim Sha Tsui to Admiralty, and soon to cities across the Greater Bay Area and beyond, the Harmonious Horse International Exhibition Tour, is using art as a bridge to actualise the inclusive vision of Simon Ma and the DC Charity Foundation. More than just a visual feast, the exhibition serves as a social practice that unites communities, spreads care and positive energy, and allows the spirit of "inclusion" to take root in every corner of the city.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Harmonious Horse International Exhibition Tour Gallops into Tamar Park, Becoming New Community Landmark in Hong Kong