Hong Kong - 3 September 2012 - Kerry Logistics has further expanded its business portfolio by entering into the insurance sector through the acquisition of Taishan Insurance Brokers Ltd (TIB), which offers a full range of insurance brokerage and consultancy services in Asia.

TIB is a risk management and insurance consulting firm fulfilling a comprehensive range of insurance requirements for both commercial and industrial sectors through customized products and solutions.

TIB insurance specialists are renowned for their innovative approach to developing integrated insurance products and alternative risk transfer solutions to meet the insurance needs of their clients’ business interests in Asia.

“This is a significant addition to the Group and will provide our customers in the region with a broader range of insurance products and services. TIB will also enhance the coverage and competitiveness of the group’s services,” said William Ma, Managing Director of Kerry Logistics Network.

About Kerry Logistics
Kerry Logistics is Asia’s premier logistics service provider with a strong focus on China. Based in Hong Kong, Kerry Logistics has offices in 29 countries and regions with over 18,000 employees and a transportation fleet of 8,000 vehicles. Its core business encompasses integrated logistics, international freight forwarding and supply chain solutions. By owning and managing 3m sq.m. of logistics facilities, it provides customers with reliability and flexibility to support their future expansion and long-term growth. Kerry Logistics Network Limited is a wholly owned subsidiary of the Hong Kong-listed Kerry Properties Limited.