Chinese Courier SF Eyes Stake in $5 Billion Kerry Logistics
- SF Holding explores investment in Hong Kong-listed company
- Kerry offers distribution, freight services across Asia
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SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.
The Chinese courier is in talks to acquire roughly a 20% stake in Kerry Logistics Network Ltd., according to the people, who asked not to be identified because the information is private. Kerry Logistics shares have risen 38% in Hong Kong trading this year, giving the company a market value of about $5.4 billion.