Kerry Logistics to Repurchase Convertible Securities

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

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.

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