HONG KONG/SINGAPORE: Courier startup J&T Global Express, which launched in Indonesia before expanding across Southeast Asia and China, will be valued at about $13 billion in its Hong Kong initial public offering (IPO) due to launch on Monday, according to three sources with direct knowledge of the matter.
S.F. Holding, the express delivery giant headed by billionaire Wang Wei, has filed for a secondary listing in Hong Kong to fund the company’s expansion overseas and strengthen its network in China.
PETALING JAYA: Sime Darby Property Bhd (SDP) and Logos SE Asia Pte Ltd have secured J&T Distribution Solutions Sdn Bhd as their first tenant for Metrohub 2 within the E-Metro Logistics Park in Klang.