Home / Business / Companies

Shunfeng Express attracts trio of investors | Updated: 2013-08-20 16:02

Shunfeng Express, one of China's largest express delivery companies, has signed an investment agreement with Oriza Holdings, China Merchants Group and CITIC Capital, reported on Tuesday.

The three will jointly hold less than 25 percent of Shunfeng Express and marks the first time Shunfeng has attracted outside investments. The value of the trio's investments was not revealed.

Wang Lishun, vice president of Shunfeng Express, told the Chinese news portal that the investments will strengthen Shunfeng's information systems and aviation hubs.

In its 20-year history, Shunfeng has amassed 30 cargo planes and more than 10,000 vehicles. It achieved more than 20 billion yuan in operating revenue last year.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349