The public offering price is HK$12 per preference share, with net proceeds from the global offering amounting to HK$3.528 billion (the over-allotment option has not been exercised). This listing in Hong Kong marks a significant step forward in J&T Express’ journey to become a global logistics leader.
J&T Express (Global), a global logistics service provider, was officially listed on the Main Board of the Hong Kong Stock Exchange under the stock code “1519”.
J&T Express plans to use the proceeds from the IPO to expand its logistics network, improve existing infrastructure and enhance the company's sorting and warehousing capabilities in Southeast Asia and other markets.
J&T Express will also use the capital to expand into new markets and diversify its service offerings as well as for research, development and technological innovation, seeking to provide faster and more convenient logistics services to consumers globally.
Founded in Indonesia in 2015, J&T Express has rapidly expanded to six Southeast Asian countries including Vietnam in 2018. According to Frost & Sullivan, J&T Express is the number one express delivery operator in Southeast Asia by parcel volume by 2022.
Leveraging on the strong growth of its business in Southeast Asia, the company continues to expand its reach to five countries in Latin America and the Middle East and North Africa by 2022. Currently, J&T's global delivery operations span 13 countries.
At the listing ceremony, frontline employees from 13 countries of J&T Express, including shippers, customer service staff, and operations staff, gathered together to witness the important moment when the company was successfully listed on the Hong Kong Stock Exchange.
Frontline staff from 13 countries of J&T Express witnessed the important moment of J&T Express's listing ceremony at HKEX.
“ Since our establishment in 2015, J&T has rapidly expanded and continuously improved our services. Our listing on the Hong Kong Stock Exchange today marks a significant milestone in the company’s development,” said Charles, Vice President of J&T Express (global).
We would like to thank the J&T Express family for their hard work and dedication, our partners for their long-term support and our customers for their trust in us. We are committed to connecting the world seamlessly with our customer-centric and performance-driven mission .”
Mr. Dylan, Chief Financial Officer of J&T Express, also shared: “ Hong Kong is a leading international financial center and home to the most dynamic capital markets in Asia. We are extremely proud to be listed on the Hong Kong Stock Exchange, which brings together issuers and investors from all over the world.
We will continue to work closely with our partners to lead the transformation of the global logistics industry. This will not only enable us to provide enhanced express services to more customers in more markets, but also create greater value for our investors .”
J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia. Established in 2015, J&T Express's network spans 13 countries, including Indonesia, Vietnam, Malaysia, Philippines, Thailand, Cambodia, Singapore, Saudi Arabia, UAE, Mexico, Brazil and Egypt...
Pursuing the mission of "customer-centric and efficiency-based", J&T Express is committed to providing customers with integrated logistics solutions through smart infrastructure, digital logistics network, as part of its global strategy to connect the world to bring mutual benefits and efficiency.
Bao Anh
Source
Comment (0)