Legal DealFolio - Kerry Logistics Network Limited Spin-Off

Davis Polk advised Kerry Logistics Network Limited (Kerry Logistics) in connection with its spinoff, initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the global offering is approximately HKD2.2 billion (approximately US$282 million) prior to any exercise of the over-allotment option. Prior to the spinoff, Kerry Logistics was a wholly owned subsidiary of Kerry Properties Limited, a company listed on the Hong Kong Stock Exchange (stock code: 683) and principally engaged in property development, investment and management in Hong Kong, China and the Asia-Pacific Region, and hotel ownership and operations in Hong Kong and China. Kerry Logistics is a leading logistics service provider in Asia, with extensive operations across Greater China and other countries in the region, as well as the largest Hong Kong-based international third-party logistics service provider. Kerry Logistics is principally engaged in the integrated logistics and international freight forwarding businesses and currently has more than 400 service locations in 35 countries and territories across Asia, Australia, Europe, and North and South America. BOCI Asia Limited (BOCI), Citigroup Global Markets Asia Limited (Citi), HSBC Corporate Finance (Hong Kong) Limited and Morgan Stanley Asia Limited (Morgan Stanley) acted as the joint sponsors for the offering. BOCI, Citi, The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley were the joint global coordinators, joint lead managers and joint bookrunners. CIMB Securities Limited is also one of the joint bookrunners. DBS Asia Capital Limited and Mizuho Securities Asia Limited are also joint lead managers. The Davis Polk corporate team included partners Bonnie Y. Chan, Paul Chow and James C. Lin and associates Megan Chia, Harold Tin, Christine Xu, Wilson Chan and Kitty Chan. Angela Chan was the legal assistant on the transaction. Members of the Davis Polk team are based in the Hong Kong office.

Deal Date:	18-12-2013	Practice Area:	Corporate and M&A
Deal Title:	Kerry Logistics Network Limited Spin-Off	Industry:	Support Services
Description:	Davis Polk advised Kerry Logistics Network Limited (Kerry Logistics) in connection with its spinoff, initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the global offering is approximately HKD2.2 billion (approximately US$282 million) prior to any exercise of the over-allotment option. Prior to the spinoff, Kerry Logistics was a wholly owned subsidiary of Kerry Properties Limited, a company listed on the Hong Kong Stock Exchange (stock code: 683) and principally engaged in property development, investment and management in Hong Kong, China and the Asia-Pacific Region, and hotel ownership and operations in Hong Kong and China. Kerry Logistics is a leading logistics service provider in Asia, with extensive operations across Greater China and other countries in the region, as well as the largest Hong Kong-based international third-party logistics service provider. Kerry Logistics is principally engaged in the integrated logistics and international freight forwarding businesses and currently has more than 400 service locations in 35 countries and territories across Asia, Australia, Europe, and North and South America. BOCI Asia Limited (BOCI), Citigroup Global Markets Asia Limited (Citi), HSBC Corporate Finance (Hong Kong) Limited and Morgan Stanley Asia Limited (Morgan Stanley) acted as the joint sponsors for the offering. BOCI, Citi, The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley were the joint global coordinators, joint lead managers and joint bookrunners. CIMB Securities Limited is also one of the joint bookrunners. DBS Asia Capital Limited and Mizuho Securities Asia Limited are also joint lead managers. The Davis Polk corporate team included partners Bonnie Y. Chan, Paul Chow and James C. Lin and associates Megan Chia, Harold Tin, Christine Xu, Wilson Chan and Kitty Chan. Angela Chan was the legal assistant on the transaction. Members of the Davis Polk team are based in the Hong Kong office.
Financial Center:	Hong Kong	Value:	0.00-0.00
Advised Party:	Group	Law Firm	Davis Polk
Group	Hong Kong	Group	Hong Kong
Classification:	Group Restructurings	Lawyer	Bonnie Y Chan

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers