It also reported a net profit of 737 million baht in the first half of this year, up 36% from a year earlier. Kerry Express Thailand posted a net profit of 1.3 billion baht ($41.6 million) in 2019, up 12% from the previous year. "We are ready to support e-commerce, home shopping and traditional businesses, including SMEs and farmers," Ng added. "We have partnered with all major e-commerce platforms even though those giant e-marketplaces have their own logistics services," chief executive Alex Ng was quoted by the English-language daily Bangkok Post as saying. Its corporate clients include supermarket chain Big C, Central Department Stores and convenience store FamilyMart. It offers several types of delivery services including business-to-business and business-to-consumer. The company said it has more than 15,000 service centers across the kingdom with more than 1,200 distribution hubs, operating over 25,000 delivery service vehicles. The company has yet to set the subscription period for the IPO shares and price. According to the IPO prospectus submitted on Wednesday to the Securities and Exchange Commission, Kerry Express Thailand will offer as many as 300 million new shares, equivalent to 17.2% of its total issued shares after the IPO.
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