Announcing the company’s 2020 results, William Ma, group managing director of the Kerry Logistics Network (KLN) Group thanked colleagues and business partners for achieving record year in terms of revenue and core net profit. This he said clearly demonstrated the logistics company’s ‘resilience and capability to evolve through the pandemic.’ Kerry Logistics recorded revenue of US$6.7 billion (HK$53.7 billion) up 30 percent over 2019, as operating income climbed 20 percent to US$420 … [Read more...] about Kerry Logistics revenue up 30 percent in 2020
SF Holding
SF Holding takes over Kerry Logistics in $2.3b deal
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
