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Bangkok Post
Bangkok Post
Business

Kerry Logistics Network proposes raising B3.4bn

Kerry Kerry Express Hong Kong Thailand
A line up of Kerry Express delivery vehicles at one the company's logistics centres.

Hong Kong-listed Kerry Logistics Network Ltd (KLN) has announced a proposal to issue a convertible bond for an aggregate principal of up to 3.4 billion baht to propel Kerry Express Thailand's expansion and solidify its market leadership.

The issuance via the indirect, wholly-owned subsidiary SF Holding Company Ltd is meant to expand KLN's international express delivery business in Southeast Asia, particularly supporting Kerry Express Thailand.

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