https://www1.hkexnews.hk/app/sehk/2023/105469/documents/sehk23062600145_c.pdf
On June 26thJ&T Global Express Limited (hereinafter referred to as “Polar Rabbit Express”)The announcement further appoints UBS AG Hong Kong Branch as its financial advisor and overall coordinator, and CCB International Finance Limited and CMB International Capital Limited as overall coordinators.
As of the announcement date,Polar Rabbit ExpressAppointedMorgan Stanley,Merrill Lynch,China Gold CorporationAs its co-sponsor and overall coordinator,UBSfor its financial adviser and overall coordinator,CCB International,CMB Internationalas its overall coordinator.
Polar Rabbit ExpressA prospectus was submitted on June 16, 2023. The company was founded in Indonesia in 2015. As a global logistics service provider, its express delivery business is in a leading position in Southeast Asia and is competitive in the Chinese express delivery market, and is currently expanding to Latin America and the Middle East.The company andCross-border logistics services have been expanded to include small parcels, freight forwarding and warehousing solutions.
Polar Rabbit ExpressIt provides comprehensive express delivery services to merchants and consumers on leading e-commerce platforms such as Shopee, Lazada, Tokopedia, Pinduoduo, Taobao, Tmall, Shein, and Noon, as well as short video and live streaming platforms such as TikTok, Douyin, and Kuaishou.
According to Frost & Sullivan's data, based on 2022 package volume,Polar Rabbit ExpressIt is the largest express delivery operator in Southeast Asia, with a market share of 22.5%; in the Chinese express delivery market in 2022, measured by package volume,Polar Rabbit ExpressIt ranked sixth, with a market share of 10.9%, and the company's geographical coverage in counties and districts in China was over 98%.
Link to the Polar Rabbit Express prospectus:
https://www1.hkexnews.hk/app/sehk/2023/105469/documents/sehk23061601570_c.pdf