J&T Express and SF Express reach agreement to acquire 100% share rights of Fengwang Express for RMB 1.183 billion

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J&T Express' subsidiary J&T Express (Shenzhen) Supply Chain Co., Ltd. will acquire 100% share rights of Fengwang Holding's wholly-owned subsidiary, Shenzhen Fengwang Information Technology Co., Ltd. ("Fengwang Information"), for RMB 1.183 billion.