SF eyes backdoor listing

Rare-earth metals company Dingtai to be utilized in Shenzhen listing

SF Express, one of China's largest courier firms, is planning the reverse takeover of a rare-earth metals company, which will allow it a backdoor listing on the Shenzhen Stock Exchange.

The move came to light within a regulatory filing to the Shenzhen exchange by Maanshan Dingtai Rare Earth & New Materials Ltd, a little known Anhui-headquartered operation, and involves an asset swap and issuance of new shares.