Understanding the Market | KLN surged over 10% in early trading as the company was selected by Jianqiao Xinyuan Pharmaceutical as a strategic fourth-party logistics partner in Hong Kong
KLN rose over 10% in early trading, and as of the time of writing, it is up 7.26%, priced at HKD 9.45, with a trading volume of HKD 33.1382 million. In terms of news, KLN announced that its pharmaceutical logistics company KLN Pharma has been appointed by Jianqiao Xinyuan Pharmaceutical (Hong Kong) as the fourth-party logistics service provider in Hong Kong. According to the agreement, KLN Pharma will comprehensively manage the supply chain of Jianqiao Xinyuan Pharmaceutical, providing logistics solutions that meet temperature control and timeliness requirements. This cooperation covers a full range of logistics services, including procurement logistics, inventory management, order fulfillment, marketing logistics, distribution, and regulatory support for Jianqiao Xinyuan Pharmaceutical's diverse cardiovascular product line. It is worth noting that in April of this year, Kerry Logistics officially changed its name to "KLN." The company's board explained that since SF Holding Co., Ltd. completed its partial acquisition offer in 2021, the company has been actively establishing a unique brand image and culture to transition ownership changes. In recent years, it has more widely adopted the "KLN" brand, reducing the frequency of using the "Kerry" name. The company's board believes that "KLN" has developed into a well-known brand, and customers have become accustomed to this brand
According to Zhitong Finance APP, KLN (00636) rose over 10% in early trading, and as of the time of writing, it is up 7.26%, trading at HKD 9.45, with a transaction volume of HKD 33.1382 million.
In terms of news, KLN announced that its pharmaceutical logistics company KLN Pharma has been appointed by Jianqiao Xinyuan Pharmaceutical (Hong Kong) as the fourth-party logistics service provider in Hong Kong. According to the agreement, KLN Pharma will comprehensively manage the supply chain for Jianqiao Xinyuan Pharmaceutical, providing logistics solutions that meet temperature control and timeliness requirements. This cooperation covers comprehensive logistics services, including procurement logistics, inventory management, order fulfillment, marketing logistics, distribution, and regulatory support for Jianqiao Xinyuan Pharmaceutical's diverse cardiovascular product line.
It is worth noting that in April of this year, Kerry Logistics officially changed its name to "KLN." Regarding the reason for the name change, the company's board of directors explained that since SF Holding Co., Ltd. completed its partial acquisition offer in 2021, the company has been actively establishing a unique brand image and culture to transition ownership changes. In recent years, it has more widely adopted the "KLN" brand, reducing the frequency of using the "Kerry" name. The company's board believes that "KLN" has developed into a well-known brand, and customers have become accustomed to this brand
