Kerry Logistics Network Ltd is preparing to expand its global network with the acquisition of a US freight forwarder, the company told analysts.
The Hong Kong-based company, which specialises in international freight forwarding and supply chain services in China and Southeast Asia, said in a conference call that it will acquire a 51 per cent stake of an unnamed American company, and will announce the acquisition in less than two months, according to a report by the Jefferies Group investment firm.
Kerry has also identified acquisition targets in Singapore, the Philippines and Indonesia, the report said.