Financial News
Written by: Zhang Weilun
2021-02-10 10:39
The last update date: 2021-02-10 10:39
Mainland logistics company SF Express (Shenzhen: 002352) announced that it will acquire 931 million shares of Kerry Logistics (0636) for 18.8 yuan per share, and cancel 51.8% of 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 Logistics’ share price has reached a new high. Kerry Construction’s latest report is 22.2 yuan, up 8%; Kerry Logistics’ latest report is 25.15 yuan, up 7.2%.
SF Express suspended trading, with the latest price of RMB 117.1.
Kerry Construction Kerry Logistics Mergers and Acquisitions SF Express
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