Logistics company S.F. Holding's (SHE:002352) wholly-owned subsidiary Radiant Beyond plans to exercise its preemptive rights to subscribe for up to 305 million yuan worth of new Class A ordinary shares in smart locker operator Hive Box, according to a Tuesday Hong Kong bourse filing.
Radiant Beyond will initially subscribe for 46.83 million shares at 2.8489 yuan each for 133 million yuan, and may purchase additional shares if other eligible shareholders do not fully exercise their rights, the filing said.