Kerry Express prepares IPO for up to 300m sharesA distribution centre at parcel delivery service Kerry Express in Bang Phli district of Samut Prakan faces a considerable spike in volume. Based on Kerry Express Thailand’s IPO prospectus, the company will offer no more than 300 million ordinary shares, equivalent to 17.24% of total issued and paid-up ordinary shares. The company has yet to settle on the period for distributing IPO shares and the IPO price. Shares of major shareholders in Kerry Express Thailand will be diluted after the distribution of IPO shares. SET-listed VGI Plc’s 23% shares in Kerry Express Thailand will also be diluted to 19% after the IPO share distribution.

Source: Bangkok Post August 26, 2020 11:49 UTC