Kerry Logistics Network (HK:0636) has released an update.
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Kerry Logistics Network plans to repurchase HK$744.5 million worth of perpetual convertible securities to support its strategic shift following the distribution of its shares in KEX Thailand. This transaction is deemed a connected transaction under Hong Kong’s Listing Rules and requires independent shareholder approval. Investors are advised to exercise caution as the repurchase is subject to certain conditions being met.
For further insights into HK:0636 stock, check out TipRanks’ Stock Analysis page.