S.F. Holding and Kerry Logistics Network Announce Strategic Investment and Cooperation

posted on 10th February 2021 by Eddie Saunders
S.F. Holding and Kerry Logistics Network Announce Strategic Investment and Cooperation

S.F. Holding Co., Ltd. and Kerry Logistics Network Limited has announced the proposed strategic investment and cooperation between the two companies.

Subject to satisfaction of certain pre-conditions, the Offeror, being an indirect wholly-owned subsidiary of S.F. Holding, will make a Partial Offer to obtain 931,209,117 ordinary shares of Kerry Logistics Network, representing approximately a 51.5% stake (on a fully-diluted basis) of the Company at a cash offer price of HK$18.80 per share (the ‘Partial Offer’).