SF Express regulates the volume of the non-public financing round
SF Express has announced that it will now raise only CNY 20B instead of CNY 22B in the reported non-public share issue. As there is still a very high demand for capital in the Chinese packaging industry, this can only be interpreted as a negative sign that they cannot raise the total amount for the announced valuation.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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