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SF Holding Co, one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd in a HK$17.6 billion (US$2.3 billion) deal.
SF Holding to take over Kerry Logistics GROWTH STRATEGY: The deal is to help the Chinese company boost its distribution network throughout Asia and make Kerry Logistics its main vehicle for the expansion Bloomberg SF Holding Co (順豐控股), one of the largest Chinese logistics firms, is seeking to acquire control of Malaysian billionaire Robert Kuok’s (郭鶴年) Kerry Logistics Network Ltd (嘉里物流) in a HK$17.6 billion (US$2.3 billion) deal for its global expansion. The Chinese courier plans to buy a 51.8 percent stake in Hong Kong-liste...