Kerry Logistics Announces Disposal of Subsidiary in Connected Transaction

Kerry Logistics Network ( (HK:0636) ) has shared an update.

Kerry Logistics Network, a company involved in logistics and supply chain management, has announced the disposal of its 100% equity interest in a subsidiary company through an Equity Transfer Agreement with Guangdong Shunhe Supply Chain Management Co., Ltd., an indirect wholly-owned subsidiary of S.F. Holding. This transaction, valued at RMB151,000,000, is considered a connected transaction under Hong Kong’s Listing Rules due to the buyer’s relationship with the controlling shareholder of Kerry Logistics. The disposal will result in the target company ceasing to be a subsidiary of Kerry Logistics, potentially impacting its operational structure and market positioning.

The most recent analyst rating on (HK:0636) stock is a Hold with a HK$8.30 price target. To see the full list of analyst forecasts on Kerry Logistics Network stock, see the HK:0636 Stock Forecast page.

More about Kerry Logistics Network

Average Trading Volume: 1,581,943

Technical Sentiment Signal: Hold

Current Market Cap: HK$14.03B

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