DeHeng Advised Kerry Logistics on Completing the CSRC Filing Process for the Offshore Issuance of a Perpetual Convertible Bond

2023-10-30

On May 18 2023, Kerry Logistics Network Limited (00636.HK, hereinafter referred to as “Kerry Logistics”) issued a perpetual convertible bond worth HKD780,000,000 overseas and submitted the filing application with China Securities Regulatory Commission (CSRC) for the offering. So far, the filing procedures of the offering has been completed. 

Kerry Logistics was listed on the Main Board of the Hong Kong Stock Exchange in 2013. Later SF Holding Co., Ltd. acquired 931,209,117 of its shares (approximately 51.5% of the issued share capital of Kerry Logistics) through its wholly-owned subsidiary, Flourish Harmony Holdings Company Limited, on September 28, 2021, making Kerry Logistics its holding subsidiary.

As the legal counsel of Kerry Logistics for this offering, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Hu Xueyuan, Liu Xiaorui, Wang Haoyu and Liu Chen, advised the client on completing the filing procedures with the CSRC for the offering.