Brief: Kerry Logistics Network Proposes Acquisition Of Remaining Shares In Apex Group
24/02/2020 15:15
Feb 24 (Reuters) - Kerry Logistics Network Ltd 0636.HK :
* STOCK SALE AND PURCHASE AGREEMENT HAS BEEN ENTERED IN
RELATION
TO PROPOSED ACQUISITION OF REMAINING SHARES IN APEX GROUP
* CONSIDERATION WILL BE US$176.1 MILLION FOR REMAINING
SHARES IN
APEX GROUP
* KLN INVESTMENT TO PURCHASE REMAINING SHARES REPRESENTING
49% OF
APEX GROUP FROM 28 SELLERS
Source text for Eikon: ID:nHKS6YngF
Further company coverage: 0636.HK
((Reuters.Briefs@thomsonreuters.com;))
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