In response to the secondary listing in Hong Kong, SF is carrying out preliminary work such as the research and demonstration of equity financing in the Hong Kong capital market.

CTOnews.com July 7 news, SF Holdings today announced that the company is in Hong Kong, China's capital market equity financing for research and consultation, discussion and demonstration and other preliminary work. However, up to now, the company has not determined a specific timetable, nor has it determined a specific plan. There is still great uncertainty about whether the company will implement the above-mentioned matters, as well as the specific implementation method and implementation time.

According to the Securities Times, there are recent market rumors that ▲ Tuyuan Shunfeng Holdings is considering a secondary listing on the Hong Kong Stock Exchange as early as 2023, and has also selected banks such as Goldman Sachs, Huatai Securities and JPMorgan Chase to arrange a listing in Hong Kong, or to raise up to US $3 billion (CTOnews.com Note: about 21.75 billion yuan currently).

SF holding subsidiary SF Tongcheng was listed on the Hong Kong Stock Exchange in December 2021, while SF Holdings is currently listed on A shares.

In addition, SF Holdings today announced a forecast of first-half results, which is expected to achieve a net profit of 4.02 billion yuan to 4.22 billion yuan in the first half of 2023, an increase of 60% over the same period last year.