CITIC, SF Holdings raise $308m China logistics fund
CITIC Capital and SF Holdings – the parent company of SF Express, China’s second-largest courier company – have launched a RMB2.1 billion ($308 million) fund that will invest in logistics properties.
SF Holdings has committed RMB525 million to the vehicle and a further RMB1.47 billion coming from an entity controlled by Singapore’s GIC Private. CITIC is putting in RMB105 million. The initial plan...
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