“Kerry Express” announces the Thai Stock Exchange “SF Holdings” transport giant China Intent to purchase 51.8% stake in “Kerry Logistics Network” via cash condition.
Mr. Kin Hengneng, Chief Executive Officer of Kerry Express (Thailand) Public Company Limited or KEX, informed the Stock Exchange of Thailand (SET) about the joint disclosure of information between Flourish Harmony Holdings Company Limited, its subsidiary. SF Holdings Co., Ltd. (SF), Kerry Properties Limited and Kerry Logistics Network Limited (KLN), indirectly, that SF has expressed its intention to make a cash tender offer for a portion of its shares ( conditional partial cash offer) to purchase approximately 51.8% of the total issued and paid-up shares of KLN on the date of this announcement. KLN is the shareholder of the Company. KLN Logistics (Thailand) Co., Ltd., which currently holds approximately 52.1% of KEX’s shares.
In accordance with the above announcement, this offer is subject to certain conditions and may or may not be undertaken.
SF Holdings Co., Ltd., China’s leading express delivery and integrated logistics company, Kerry Logistics Network Limited is a Hong Kong-listed freight forwarder listed on the Hang Seng Stock Exchange and is the majority shareholder of KEX.
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