Ok, that’s not quite accurate.
But here’s the news…
SF Holding to Take Over Kerry Logistics for $2.3 Billion – Bloomberg
“SF Holding Co., 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$17.6 billion ($2.3 billion) deal for its global expansion.“
The impact is at the shareholder level of Kerry Logistics (KLN; 636 HK), which owns a 52.1% stake in KEX.
636 HK – 5 year chart
636 HK – #s
Here’s the SET announcement by KEX 1616NWS020120240930010239E.pdf (set.or.th)
- KLN will distribute a special dividend of 0.519 share of KEX for every KLN share. As S.F. Holdings (SF) owns 53.82% stake in KLN, SF will become a direct shareholder of KEX with a 26.8% stake.
- KEX will also be owned by KLN’s other…
