On the wires: SF Holding – M&A fillip already gone (as Kuehne and TFI smile)
SF Holding momentarily loses out, but revenge is a dish best served cold.
SF Express appears a step closer to its ambition of becoming the ‘FedEx of China’ with the announcement that it is to build a primarily freight airport in Ezhou, central China. It will cost some $5.9bn, with the Hubei government and SF Express responsible for raising the funds, reports SCMP. It will be able to handle 2.45m tonnes of cargo and 1m passengers by 2025, according to a filing to the Shenzhen Stock Exchange. It has already received approval from the authorities.