SF Holding to buy KLN stake
published : 11 Feb 2021 at 04:00
2
SET-listed Kerry Express Thailand (KEX) says Chinese logistics giant SF Holding s intention to buy a 51.8% stake in Hong Kong-listed Kerry Logistics Network (KLN), the parent firm of KEX s major shareholder KLN Logistics Thailand, shows SF is gearing up to expand its footprint in Asia.
Kerry Express notified the Stock Exchange of Thailand of SF Holding s move yesterday.
Kerry Express Thailand chief executive Alex Ng said the acquisition has yet to take place. However, this may reflect SF Holding s strong determination to expand its overseas market reach, particularly in Asia, Mr Ng said.