KEX Express prepares to delist

KEX Express (Thailand), formerly known as Kerry Express, is getting ready to delist from the Stock Exchange of Thailand (SET), with major shareholder SF International Holding (Thailand) or SFTH launching a tender offer for all ordinary shares not held by the company.

- NAREERAT WIRIYAPONG

In a filing to the SET yesterday, executive committee chairman Jiawei Zhang said KEX's board of directors resolved on April 30 to propose to the company’s general shareholders’ meeting on June 20 to approve the delisting of KEX’s securities from the bourse.