Written by: Zhang Weilun
Last update date: 2020-12-01 21:00
Kerry Logistics (0636) has made new developments in the spin-off of Kerry Express Thailand (KETH).
The company pointed out that the Thailand Securities Exchange had approved the application for the initial public offering of KETH shares on December 1, 2020, and announced that the Thai filing took effect. It is expected that the proposed spin-off will be completed within December 2020.
As the proposed spin-off is subject to market conditions, approvals from the Thai Stock Exchange, and other factors, shareholders and potential investors should note that there is no guarantee that the proposed spin-off will take place, and if it does, there is no guarantee when it will take place.
The company pointed out that shareholders and potential investors should exercise caution when buying and selling shares.
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