China’s SF Holding takes majority stake in Kerry Logistics

Chinese logistics company SF Holding is to take a 51.5% stake in Hong Kong-based forwarder Kerry Logistics Network, subject to conditions. At the same time, Kerry’s warehouse assets in Hong Kong will be disposed of to a wholly-owned subsidiary of Kerry Holdings Limited to unlock shareholder value, This will allow Kerry to operate under an asset-lighter model comparable to international industry peers. Kerry’s business in Taiwan, including the interest in ... [+]

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