The inaugural flight signalled the launch of operations for the global freight leader for the first time in the region. This strategic partnership is in collaboration with Etihad Cargo and Kerry Logistics, and further strengthens Abu Dhabi International Airport’s position as a key regional cargo hub.
Abu Dhabi International Airport welcomes first SF Express Flight zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
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S.F. Express, the top integrated logistics company in China is expanding globally to compete with established titans
FedEx (NYSE: FDX),
UPS (NYSE: UPS) and DHL, and analysts say this week s investment in Kerry Logistics gives it the firepower to be a one-stop shop for logistics services.
The addition of an international freight forwarder deal immediately vaults S.F. Express to the top echelon of ocean freight management companies and one of the leading warehouse, trucking and e-commerce providers in Asia. And S.F. Airlines gives
Kerry Logistics Network Limited (OTC:KRRYF) access to airfreight capacity that is in very short supply.
Feb 10, 2021 | E-Commerce, Parcel |
Chinese logistics giant S.F. Holding Co has offered to buy a 51.8% stake in Hong Kong-listed Kerry Logistics Networks Ltd, it said in an exchange filing on Tuesday, reports Reuters.
The offer, at HK$18.8 ($2.43) per share and valuing the total transaction at HK$17.6 billion, will be conducted by S.F. Holding unit Flourish Harmony Holdings Co Ltd, it said in the filing. The price represents a 19.83% discount to the stock’s last close of HK$23.45 on Feb.4, prior to a trading halt.
Kerry Logistics Networks will retain its listing on the Hong Kong stock exchange upon completion of the deal, S.F. Holding said, although the public float would be reduced to 15% of the company from 25%.