ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
May 17, 2018 23:00 JST
Source:
Kerry Logistics Network Limited
Kerry Logistics Joins Hands with Bangkok Mass Transit System To Further Expand Express Business in Thailand
Strengthens Leading Position in the ASEAN Region
HONG KONG, May 17, 2018 - (Media OutReach) - Kerry Logistics Network Limited ("Kerry Logistics" or the "Company", together with its subsidiaries, the "Group", Stock code: 0636.HK) has today announced that Kerry Express (Thailand) Limited ("Kerry Express"), the subsidiary of the Company and the leading parcel delivery company in Thailand, has entered into certain agreements with VGI Global Media Public Company Limited ("VGI"), the subsidiary of Bangkok Mass Transit System Public Company Limited ("BTS PLC") and Thailand's top Offline-to-Online ("O2O") solutions provider. Pursuant to the agreement, Kerry Logistics, together with existing shareholders of Kerry Express, have agreed to a transaction of disposal of 23% of the total issued share capital of Kerry Express to VGI, for a consideration of THB 5.9 billion (approximately HK$1,475 million). The signing ceremony was held in Thailand today.
With this strategic partnership, Kerry Express will expand its service portfolio tapping the fast-growing O2O demand through the venture with VGI. Kerry Express will become the only express logistics partner of VGI and Bangkok Mass Transit System ("BTS Skytrain"). The collaboration will enable Kerry Express to use BTS Skytrain to extend its express delivery services and to expand its customer base by adding more extensive delivery routes. Upon the signing of agreements, Kerry Express will also have the first right of refusal to set up service outlets in all BTS Skytrain stations for services such as parcel collection and drop-off. Through the additional infrastructure provided by the BTS group of companies, Kerry Express will further improve its operating efficiency thereby enhancing its service level and improving its growth performance across the country.
VGI for its part will solidify its establishment within the O2O ecosystem by further penetrating the digital online marketing sector in Thailand. The investment also enables VGI to have physical connectivity for the consumer, with a particular focus on the rapidly-expanding e-commerce business. VGI will also strengthen its capabilities in tailor-made advertising solutions.
William Ma, Group Managing Director of Kerry Logistics, said, "This joint venture navigates new growth opportunities and connectivity with an ever-evolving e-Commerce ecosystem. As Asia's premier logistics service provider, our expansion in Thailand will further strengthen the Group's market position in the ASEAN countries, and add value to our express business in Thailand. We are confident in achieving good results and will continue to explore opportunities in other countries for our sustained development in the global market."
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its core competency is providing highly customised solutions to multinational corporations and international brands to enhance their supply chain efficiency, reduce overall costs and improve response time to market. It currently has more than 1,000 service points in 51 countries and territories, and is managing 52 million sq ft of land and logistics facilities worldwide, providing customers with high reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a selected Member of the Hang Seng Corporate Sustainability Index Series 2017-2018.
About Kerry Express (Thailand) Limited
Established in 2006, Kerry Express is Thailand's leading express delivery parcel company, offering the country's best parcel delivery services. Covering by its 600 distribution centres and 2,500 service locations country-wide with multi-service channels, Kerry Express takes the lead in convenient, reliable and speedy delivery solutions to its customers, ranging from individuals, e-retailers and individual sellers on social media and ensures their parcels are successfully delivered on time. Kerry Express pioneered mobile payment-on-delivery in the country including the acceptance of cash or Rabbit LinePay upon the deliveries to households. Kerry Express is a member of Kerry Logistics Network Limited's global network.
For media enquiries please contact:
Prudence Lai / Ivan Kau / Karen Chu
Cornerstones Communications Ltd.
T 852 2903 9291 / 2903 9285 / 2903 9213
M 852 9465 3856 / 9804 2385 / 6171 3530
E
kerrylogistics@cornerstonescom.com
Source: Kerry Logistics Network Limited
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Podium for TOYOTA GAZOO Racing in Le Mans thriller
Jun 17, 2024 11:34 JST
Fujitsu begins impact investing to address the challenge of solving social issues and to achieve a sustainable society
Jun 17, 2024 10:14 JST
NTT DATA and DENSO Sign a Basic Agreement on Strategic Partnership for Software
Jun 13, 2024 18:01 JST
Honda and MC to Establish New Company, ALTNA Co., Ltd.
Jun 13, 2024 17:18 JST
Honda to Begin Sales of New N-VAN e: Commercial-use Mini-EV in Japan
Jun 13, 2024 16:04 JST
JCB and iMago Launch "Chikazuite-Check" Project to Provide a New Buying Experience
Jun 13, 2024 14:00 JST
Olympus Enhances Innovation Capabilities by Expanding R&D to Hyderabad, India
Jun 12, 2024 11:00 JST
FDA Accepts Eisai's Filing of LEQEMBI (lecanemab-irmb) Supplemental Biologics License Application for IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
Jun 10, 2024 18:50 JST
Yuki Tsunoda to Continue Competing in F1 for the 2025 Season with VISA Cash App RB Formula One Team
Jun 10, 2024 12:37 JST
Honda Advances Hydrogen Strategy with Production Launch of Fuel Cell Electric Vehicle in Ohio
Jun 07, 2024 18:29 JST
Le Mans awaits TOYOTA GAZOO Racing
Jun 07, 2024 16:56 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of New LNG-Powered Roll-on/Roll-off Ship TRANS HARMONY GREEN in Shimonoseki
Jun 07, 2024 16:38 JST
MHIEC Receives Order to Rebuild Waste-to-Energy Plant in Hodogaya Ward, Yokohama
Jun 06, 2024 19:34 JST
MHI Thermal Systems Launches New "TEK Series" of Electric-Driven Transport Refrigeration Units for Small and Mid-Size Trucks
Jun 06, 2024 12:20 JST
MHI and EGAT sign MoU to Introduce Hydrogen Large Gas Turbine Co-firing Technology in Thailand to Achieve Net Zero Goals
Jun 05, 2024 19:09 JST
Mitsubishi Shipbuilding Receives Additional Order for 2 Units of LNG Fuel Gas Supply System (FGSS)
Jun 05, 2024 18:14 JST
NEC announces external appointment of executive personnel
Jun 05, 2024 17:43 JST
JCB collaborates with Singapore's Mandai Wildlife Group to promote wildlife park visitorship
Jun 05, 2024 12:00 JST
Hitachi and Microsoft Enter Milestone Agreement to Accelerate Business and Social Innovation with Generative AI
Jun 04, 2024 14:45 JST
Japan Energy Summit & Exhibition 2024 Unites Global Leaders to Propel Asia's Emergence in Climate Leadership
Jun 04, 2024 11:09 JST
More Latest Release >>
Related Release
Kerry Logistics Achieves Double-digit Growth in Turnover and Core Net Profit Propelled by Strong Asia Trade and Increasing Volume in the Region
August 30 2018 17:30 JST
Kerry Logistics and Anaklia City Sign MOU on Strategic Cooperation for Georgia's Deep Sea Port and SEZ Development
July 04 2018 12:30 JST
Kerry Logistics Named Among "Most Honored Companies" in Asia by Institutional Investor for the Third Year Running
June 26 2018 20:20 JST
Kerry Logistics and Canon Hongkong Celebrate 10 Years of Partnership Building on Best Practice in Electronics Supply Chain
June 26 2018 18:00 JST
Kerry Logistics Launches Rail and Road Freight Services from China to Caucasus and Turkey
June 11 2018 13:55 JST
Kerry Logistics Acquires Majority Stake in Saga Italia S.p.A.; Strengthening Project Logistics Capabilities
June 06 2018 19:20 JST
Kerry Logistics Acquires Freight Forwarding Company S.A.S. in South Africa
May 28 2018 12:45 JST
Kerry Logistics Honoured with Two Wins at 2018 AFLAS Awards, Crowned Best 3PL and Best Logistics Service Provider - Air Freight
May 16 2018 12:45 JST
Kerry Logistics Forms Strategic Cooperation To Capture Opportunities Along Belt & Road
May 08 2018 11:30 JST
Kerry Logistics Wins Contract Extension with Continental, Continuing Long-Standing Cooperation
May 02 2018 16:59 JST
More Press release >>