Kerry Logistics on roadshow for HK$2.2b IPO
Indicative price range of HK$8.80 to HK$10.20 per share
KERRY Logistics Network, whose chairman is Singapore's former foreign minister George Yeo, began a one-week roadshow this week for a share sale that could raise up to HK$2.2 billion (S$355.9 million).
The Hong Kong-based, third-party logistics service provider, a unit of Kerry Properties, is the latest candidate in a flood of Hong Kong initial public offerings (IPOs) this year.
On Monday, it set the price range of its IPO at HK$8.80 to HK$10.20 per share, which will allow it to raise between HK$1.9 billion and HK$2.2 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Nomura targets 20% revenue growth from global markets business
FLCT posts 1.1% lower H1 DPU of S$0.0348 on higher vacancies, expenses
Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%
Segantii allegations roil a go-to block trader for global banks
ETF popularity poised to stay as investors flock to diversification, stability
Interests of OCBC and Great Eastern’s minority shareholders are fundamentally misaligned