Brief: S.F. Holding's Unit Plans To Subscribe Perpetual Convertible Bonds Issued By Kerry Logistics

KLN Logistics

29/03/2023 01:10

March 29 (Reuters) - S.F. Holding  002352.SZ :
    * SAYS BOARD APPROVES UNIT SF HOLDING LIMITED TO SUBSCRIBE
HK$780
MILLION  ($99.37 million) WORTH OF PERPETUAL CONVERTIBLE BONDS
ISSUED BY KERRY LOGISTICS  0636.HK 
    * SAYS THE ISSUE OF CONVERTIBLE SECURITIES CAN PROVIDE KERRY
LOGISTICS WITH ADDITIONAL FUNDS AT LOWER FUNDING COST FOR THE
EXPANSION OF ITS INTERNATIONAL EXPRESS DELIVERY BUSINESS IN
SOUTHEAST ASIA, REPLENISHMENT OF GENERAL WORKING CAPITAL AND
REPAYMENT OF EXISTING DEBT

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Further company coverage:  002352.SZ 

($1 = 7.8497 Hong Kong dollars)

 (Reporting by Hong Kong newsroom)
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