Parcel delivery firm SF Holding is set to acquire a majority stake of Kerry Logistics as it aims to improve its international logistics capacity in a proposed ‘strategic investment and cooperation’ between the two companies, a press release confirmed. The proposed takeover will see the Chinese courier take a 51.8 percent stake in Kerry Logistics at HK$18.8 (US$2.43) per share, with the deal valued at US$2.3 billion. News broke of a potential deal last week as trading for both companies was … [Read more...] about SF Holding takes over Kerry Logistics in $2.3b deal
Kerry Express
Kerry Logistics to build bonded logistics facility in Hainan
Kerry Logistics Network announced plans to construct a bonded warehouse in Haikou’s integrated free trade zone, as it looks to seize the opportunities presented by China’s plan to develop the province of Hainan as a major trade centre. Scheduled for completion in the first quarter of 2023, the 50,000-sqm facility will contain 10,000 sqm of cold storage and marks the first time an international 3PL will invest in a premium bonded logistics centre in the Hainan free trade port. The 3PL … [Read more...] about Kerry Logistics to build bonded logistics facility in Hainan
Kerry Logistics partners with VGI Global Media Public Company Limited
Kerry Logistics Network Limited announced that Kerry Express (Thailand) Limited, the subsidiary of the Company and the leading parcel delivery company in Thailand, has entered into certain agreements with VGI Global Media Public Company Limited (VGI), the subsidiary of Bangkok Mass Transit System Public Company Limited (BTS PLC) and Thailand's top Offline-to-Online (O2O) solutions provider. Pursuant to the agreement, Kerry Logistics, together with existing shareholders of Kerry … [Read more...] about Kerry Logistics partners with VGI Global Media Public Company Limited
