Kerry Logistics Acquires NVOCC and Logistics Operator in China
News Release
Kerry Logistics Network Ltd
July 18, 2011
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><STRONG>Shanghai</STRONG> (July 18, 2011)-- Kerry Logistics has acquired a
controlling interest in two groups of companies in China; Shanghai Wisdom Group
("Wisdom") and Shanghai Huicheng Logistics ("HCL"), strengthening the company's
presence in the ocean freight and third-party logistics (3PL)
sectors.<BR><BR>Based in Shanghai, Wisdom is a non-vessel operating common
carrier (NVOCC) and operates one of the major sea freight consolidation
platforms. It enjoys a prominent position in the local sea freight business and
ranks in the top three companies operating out of Shanghai serving the Japan and
Southeast Asia trade routes.<BR><BR>HCL is a 3PL provider, specializing in
integrated logistics in chemicals, with a special focus on dangerous goods, Fast
Moving Consumer Goods (FMCG), electromechanical and automotive industries. A
major service of HCL is chemical logistics spanning dangerous goods logistics,
which provides significant synergies for Kerry Logistics' business in
China.<BR><BR>"These two acquisitions demonstrate our commitment to building on
our strong position in both the ocean freight and logistics sectors in China. We
are always looking to provide our customers with an improved level of service
and to strengthen our comprehensive domestic logistics network in China," said
Edwardo Erni, Managing Director, Mainland China.<BR></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><STRONG>Shanghai</STRONG> (July 18, 2011)-- Kerry Logistics has acquired a
controlling interest in two groups of companies in China; Shanghai Wisdom Group
("Wisdom") and Shanghai Huicheng Logistics ("HCL"), strengthening the company's
presence in the ocean freight and third-party logistics (3PL)
sectors.<BR><BR>Based in Shanghai, Wisdom is a non-vessel operating common
carrier (NVOCC) and operates one of the major sea freight consolidation
platforms. It enjoys a prominent position in the local sea freight business and
ranks in the top three companies operating out of Shanghai serving the Japan and
Southeast Asia trade routes.<BR><BR>HCL is a 3PL provider, specializing in
integrated logistics in chemicals, with a special focus on dangerous goods, Fast
Moving Consumer Goods (FMCG), electromechanical and automotive industries. A
major service of HCL is chemical logistics spanning dangerous goods logistics,
which provides significant synergies for Kerry Logistics' business in
China.<BR><BR>"These two acquisitions demonstrate our commitment to building on
our strong position in both the ocean freight and logistics sectors in China. We
are always looking to provide our customers with an improved level of service
and to strengthen our comprehensive domestic logistics network in China," said
Edwardo Erni, Managing Director, Mainland China.<BR></DIV></BODY></HTML>