According to Futu News on October 16, $J&T EXPRESS-W (01519.HK)$It was announced that it will issue 326.6 million shares from October 16 to October 19, 2023. The company plans to issue 326.6 million shares, including 32.6552 million shares for public sale and 294 million shares for international sale. The issue price per share is HK$1,200, and each lot is 200 shares. It is expected to be listed on October 27.
Company Overview
Polar Rabbit Express is a global logistics service operator. The express delivery business is in a leading position in Southeast Asia, is competitive in China, and continues to expand to Latin America and the Middle East. Express delivery services span 13 countries, including the largest and fastest growing emerging express delivery market in the world.
The Polar Rabbit Express business began in Indonesia in 2015. With success in Indonesia, it expanded to other countries in Southeast Asia, including Vietnam, Malaysia, the Philippines, Thailand, Cambodia, and Singapore. According to Frost & Sullivan, in terms of package volume in 2022, the company is the number one express delivery operator in Southeast Asia, with a market share of 22.5%.
As of June 30, 2023, the company's business network has fully covered seven countries and regions in Southeast Asia, and the geographical coverage rate of counties and districts in China has also exceeded 99%. According to Frost & Sullivan, Polar Rabbit Express is also the first large-scale express delivery operator in Asia to enter Saudi Arabia, the United Arab Emirates, Mexico, Brazil and Egypt...