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Kerry Logistics Network Limited is a listed company engaged in third party logistics, freight services, warehouse operations, and supply chain services. It was listed on 19 December 2013, raising over US$280 million, [ 5 ] as a spin-off of Kerry Properties Limited .
They formerly also engaged in third-party logistics, freight services and warehouse operations, however the former subsidiary was listed on 19 December 2013, under the name Kerry Logistics Network (SEHK: 636). [3] Its largest shareholder is the family of Robert Kuok, a Malaysian Chinese businessman and the founder of Shangri-La Hotels and Resorts.
In December 2024, 82% of eligible Kerry Co-op members approved a €1.4 billion proposal to acquire 70% of Kerry Dairy Ireland and exchange their Co-op shares for direct ownership in Kerry Group Plc. To fund the deal, 2.9 million Kerry Plc shares will be redeemed, raising €250 million, with the balance covered by loans linked to the share price.
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In 2003, Rhenus set up a joint venture with Kerry Logistics in Asia. In 2004, Polish logistics provider Polta was purchased. [ 1 ] Through the acquisition of Interspe Hamann Group (IHG) in 2006, Rhenus gained access to the company's land transport network and global freight services.
In 1993, his Kerry Group acquired a 34.9% stake in the South China Morning Post from Murdoch's News Corporation. Kuok officially retired from the Kerry Group on 1 April 1993. His companies have investments in many countries, including Singapore, the Philippines, Thailand, Mainland China, Indonesia, Fiji, and Australia.
Yihai Kerry denied allegations by a city prosecution agency that it was involved in the fraud and that all transactions conducted by its Guangzhou unit in the trades were in compliance with normal practices and contractual agreements. [7] In July 2024, there was a media report that alleged Yihai Kerry used tank trucks to transport cooking oil ...
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