Brief: S.F. Holding To Buy 51.8% Stake In Kerry Logistics, Kerry's Public Float To Be Reduced To 15%

KLN Logistics

09/02/2021 14:35

Feb 9 (Reuters) - S.F. Holding Co Ltd  002352.SZ :
    * SAYS UNIT FLOURISH HARMONY HOLDINGS OFFERS TO BUY 51.8%
STAKE,
OR 931.2 MILLION SHARES, IN KERRY LOGISTICS NETWORK  0636.HK 
FOR HK$17.6 BILLION  ($2.27 billion)
    * SAYS ITS TWO UNITS TO ISSUE UP TO 20 BILLION YUAN DEBT
FINANCING
INSTRUMENTS
    * SAYS IT AIMS TO RAISE UP TO 22 BILLION YUAN IN PRIVATE
PLACEMENT
OF SHARES TO FUND PROJECTS, REPLENISH WORKING CAPITAL
    * SAYS TRADING IN ITS SHARES TO RESUME ON FEB 10
    * SAYS UPON COMPLETION OF THE TRANSACTION, KERRY LOGISTICS
NETWORK
WILL RETAIN ITS LISTING STATUS ON HKEX WITH PUBLIC FLOAT
PERCENTAGE REDUCING TO 15% FROM 25%

Source text in Chinese: https://bit.ly/2LzhftP ;
https://bit.ly/3cSWfcQ ; https://bit.ly/3q66oXt ;
https://bit.ly/3p3NNtQ
Further company coverage:  002352.SZ  0636.HK 

($1 = 7.7516 Hong Kong dollars)

 (Reporting by Hong Kong newsroom)
 ((hongkong.newsroom@thomsonreuters.com; （8610）6627-1277;
Reuters Messaging: roxanne.liu@thomsonreuters.com))