On May 22, gelonghui Kerry construction (00683. HK) announced that on May 20, 2022, the wholly-owned subsidiary of the company, as the seller, accepted the binding written offer made by China Resources Logistics (Group) Co., Ltd. (“China Resources Logistics”), The Seller agrees to sell and China Resources Logistics agrees to purchase all the issued share capital of belminton Inc. and dec Limited holding warehouses through two intermediate holding companies and all relevant shareholder loans (if applicable), with a total consideration of HK $4.62 billion (subject to customary adjustment).
Chaiwan target company indirectly holds Chaiwan warehouse through an intermediate holding company. Chai Wan warehouse is located at 50 Ka Yip Street, Chai Wan, Hong Kong. It is used as a warehouse. As at 31 December 2021, the carrying value of Chaiwan warehouse was approximately HK $2.280 billion. The Shatin target company indirectly holds the Shatin warehouse through an intermediate holding company. Shatin warehouse is located at 36-42 Shanwei street, Shatin, New Territories, Hong Kong. As at 31 December 2021, the carrying value of the Shatin warehouse was approximately HK $1460 million.
