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.