CITIC, CDH, Legend invest $300m in China freight business
CITIC Capital, CDH investments and Legend Capital have invested $300 million in SF Freight, a sub-brand of Chinese courier company SF Express, through a convertible note issue.
The notes, which have a one-year tenor with zero interest, will convert into newly issued shares at $2 apiece, subject to certain conditions, according to a filing. If fully converted, CITIC, CDH and Legend...
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