Jurisdiction - Hong Kong
Deacons Advises On The Spin-Off And HKD2.2 Bn Main Board IPO Of Kerry Logistics Network Limited.

11 December, 2013


Deacons advises the joint sponsors and underwriters on the spin-off and Main Board IPO of Kerry Logistics Network Limited, a logistics service provider in Asia and currently a wholly-owned subsidiary of Kerry Properties Limited. This is expected to raise up to approximately HKD2.2 billion.


The joint sponsors are BOCI Asia Limited (BOCI), Citigroup Global Markets Asia Limited (Citi), HSBC Corporate Finance (Hong Kong) Limited and Morgan Stanley Asia Limited (Morgan Stanley). The joint global coordinators, joint lead managers and joint bookrunnders include BOCI, Citi, The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley. CIMB Securities Limited is also one of the joint bookrunners. DBS Asia Capital Limited and Mizuho Securities Asia Limited are also joint lead managers.


Kerry Logistics Network is expected to be listed on the Main Board of the Hong Kong Stock Exchange on 19 December 2013.


Deacons advises to Hong Kong law, and is led by Rhoda Yung, Ronny Chow, and Simon Lai. Freshfields Bruckhaus Deringer advises to US law. Davis Polk & Wardwell advises Kerry Logistics Network as to Hong Kong and US laws.


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