23-05-2016 12:15 via news.yahoo.com

'China's Fedex' takes backdoor route to $6.6 billion listing

By Donny Kwok and Twinnie Siu HONG KONG (Reuters) - Giant Chinese courier company SF Holdings (Group) has struck a 43.3 billion yuan (4.5 billion pounds) deal with a little-known metals company that effectively gives the firm known as 'China's Fedex' a backdoor route to a listing on the Shenzhen stock market. With an eye on attracting investors as it lines up expansion overseas, SF Holdings has reached an asset swap and new share accord with Maanshan Dingtai Rare Earth & New Materials Ltd, t
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