(Yicai Global) Feb. 5 -- Shares of SF Holding are suspended as the Chinese logistics giant is preparing a major information disclosure, the firm said in a bourse filing following a media report about its plans to buy a stake in rival Kerry Logistics Network.

SF Holding's [SHE: 002352] Shenzhen-listed shares stood at CNY106.45 (USD16.40) today. The stock price has jumped almost 18 percent over the past 12 months.

The courier firm applied for a temporary trading suspension today, the Shenzhen Stock Exchange announced today.

Trading of Kerry Logistics's stock [HKG: 0636] was halted today as the company is looking to disclose new information, the Hong Kong-based firm said today. The equity price rose 25 percent to HKD23.45 (USD3) yesterday.

SF Holding is in talks to buy a stake in Kerry Logistics, Sina reported earlier, citing informed sources. The target firm's market cap is HKD42.2 billion (USD5.4 billion).

Editor: Emmi Laine, Xiao Yi