The Chinese courier plans to buy a 51.8% stake in Hong Kong-listed Kerry Logistics at HK18.8 per share, according to a joint statement to the Hong Kong stock exchange yesterday.
HONG KONG: SF Holding Co Ltd, 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$17.6bil (US$2.3bil) deal, Bloomberg reported.
The Chinese courier plans to buy a 51.8% stake in Hong Kong-listed Kerry Logistics at HK18.8 per share, according to a joint statement to the Hong Kong stock exchange yesterday.
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