Kerry Logistics on roadshow for HK$2.2b IPO

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.