SF Holding completed the acquisition of a 51% stake in Kerry Logistics for $2.3bn.

SF Holding, a Chinese multinational delivery services and logistics company, completed the acquisition of a 51% stake in Kerry Logistics, a listed company engaged in third party logistics, freight services, warehouse operations, and supply chain solutions, for $2.3bn. "Both KEX and SF share ideas and business value creation with a focus on important to quality service. In addition, KEX will have access to technology. expertise and SF’s business excellence, which will further strengthen KEX’s leadership in express delivery in Thailand. as well as increase the capacity of international e-commerce services," Alex Ung, Kerry Logistics CEO.