Explosive Growth of SF Holdings Sparks Regulatory Concern

By Zhu Liangtao, Liu Caiping and Dong Tongjian

(Beijing) — Shares of SF Holdings continued to soar on Wednesday after several consecutive days of hitting the regulatory daily maximum 10% share-price increase — the aftermath of a backdoor listing last week that saw the firm become the most valuable company on the Shenzhen Stock Exchange.

However, the company’s high percentage of locked-in shares remains a cause for concern.

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