Employees work at an express distribution center of the delivery company SF Express in Haikou, south China's Hainan Province, Nov. 8, 2020.(Xinhua/Pu Xiaoxu)
BEIJING, Feb. 10 (Xinhua) -- China's express delivery giant SF Holding (002352.SZ) announced late Tuesday that it is mulling to acquire approximately 51.8 percent of shares in issue of Kerry Logistics Network Limited(00636.HK) at an offer price of 18.8 Hong Kong dollars per share.
SF Holding is mulling to carry out such transaction through its indirectly wholly-owned subsidiary Flourish Harmony Holdings Company Limited, making a voluntary conditional partial cash offer to acquire 931,209,117 shares for approximately 17.555 billion Hong Kong dollars subject to the satisfaction or waiver of some pre-conditions.
Also in the filing with the Shenzhen Stock Exchange on Tuesday, SF Holding announced its plan of non-public offering of shares to raise no more than 22 billion yuan for express delivery equipment automation upgrading project, Hubei Ezhou civil airport transit center project, digitalized and smart supply chain system solution project, land delivery capacity improvement project, aviation material procurement and maintenance as well as replenish working capital. (Edited by Niu Huizhe with Xinhua Silk Road, email@example.com)