S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion on December 29, 2023. The consideration was offered in the form of THB 5.5 per share. In related transaction SF International Holding (Thailand) Co., Ltd signed a Share purchase agreement with Flourish Harmony Holdings Company Limited.

Siam Premier International Law Office Ltd. acted as legal advisor, Bualuang Securities Public Company Limited acted as financial advisor and PricewaterhouseCoopers Zhong Tian LLP acted as accountant to S.F. Holding.