SF Holding, a China-based technology-led international logistics service provider has acquired 25% stake in KOSPA Limited, a Myanmar-based third-party logistics (3PL) company approximately for US$ 4 million. SF Holding is the parent company of SF Express, which is a dominant package delivery company in China. It also delivers packages to more than a dozen countries, including the United States and Japan.
KOSPA is a joint venture between Myanmar’s Yoma Strategic Holdings Ltd and Japan’s Kokubu Group. Kokubu currently holds a 50 per cent interest in the joint venture. After the investment from SF Holding, Yoma will hold a 50pc stake followed by Kokubu and SF Holding having 25pc stake each. Yoma said the new investment will be used to fund the expansion of KOSPA’s current fleet and its warehouse capacity. The company added that the partnership will target opportunities for cross-border transit created by improving China-Myanmar economic relations through the Belt and Road initiative.
KOSPA offers warehousing and third-party logistics services in Myanmar including cold chain solutions, inventory management and transportation and also provides end-to-end logistics solutions for agricultural, pharmaceutical, FMCG, and other clients throughout Myanmar.