Financial News
Written by: Zhang Weilun
2021-02-10 09:23
The last update date: 2021-02-10 09:23
The mainland logistics company SF Express announced that it will acquire 931 million shares of Kerry Logistics (0636) for 18.8 yuan per share and cancel 51.8% of the outstanding share options, involving approximately 17.5 billion yuan.
At the same time, Kerry Logistics sold warehouse assets to its parent company Kerry Construction (0683) for a total consideration of 13.5 billion yuan.
If the transaction is completed, a special dividend of RMB 7.28 per share will be distributed to shareholders.
Kerry Logistics also plans to sell its Taiwan business to its parent company for a total consideration of US$4.537 billion equivalent to the US dollar. After the sale of the Taiwan business is completed, Kerry Logistics will retain the relevant funds to support the company's development.
Kerry Construction and Kerry Logistics resumed trading today. Kerry Construction’s latest report was 23 yuan, up 11.9%; Kerry Logistics’ latest report was 25.6 yuan, a record high, up 9.2%.
Kerry Logistics and SF Express suspended trading, the latter said they were planning to buy a company's equity
SF Holdings: Acquisition of 51.8% equity in Kerry Logistics involving approximately 17.5 billion yuan
Kerry Logistics: Spin-off of Thailand business has been approved by the Thai Stock Exchange
Kerry Logistics expects global supply chain chaos in the next 18 months to be an unprecedented opportunity for the company
Kerry Construction Kerry Logistics Mergers and Acquisitions SF Express