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


2021/02/10 10:15
HONG KONG
SAR - Media
OutReach - 10 February 2021 -
 S.F. Holding Co., Ltd. ( S.F. Holding ; Stock Code 002352.SZ) and Kerry
Logistics Network Limited ( Kerry Logistics Network or the Company ; Stock Code 0636.HK) are pleased to announce 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 ). In conjunction with the Partial ....

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


Source: Media Outreach
HONG KONG SAR – Media OutReach – 10 February 2021 – S.F. Holding Co., Ltd. (‘S.F. Holding’; Stock Code 002352.SZ) and Kerry Logistics Network Limited (‘Kerry Logistics Network’ or ‘the Company’; Stock Code 0636.HK) are pleased to announce 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’). In conjunction with the Partial Offer, Kerry Logistics Network’s warehouse assets in Hong Kong will be disposed of to a wholly-owned subsidiary of Kerry Holdings Limited to unlock its shareholder value, and for the Company to operate under an asset-lighte ....

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