Who owns KEX Express?
KEX Express is owned by SF Holding (China, SZSE: 002352).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: S.F. Holding Co., Ltd. 2025 Annual Report. Last checked .
Key facts
- Current owner
- S.F. Holding Co., Ltd. reported
- Owner HQ
- 🇨🇳 China, Shenzhen
- Origin
- 🇹🇭 Thailand
- Category
- Travel & transport › Parcel & freight logistics
- Parent ticker
- SZSE: 002352 HKEX: 6936
- Last verified
- · 1 sources
About KEX Express
KEX Express (Thailand) Public Company Limited, formerly Kerry Express (Thailand), is a parcel delivery company that S.F. Holding's 2025 annual report defines as listed on the Stock Exchange of Thailand under the code KEX.BK and as a holding subsidiary of S.F. Holding. The report says KEX cut its loss sharply in 2025 and that a goodwill impairment was recognised on its cash-generating units.
Ownership timeline of KEX Express
- Current owner SF Holding [1] reported
Where KEX Express sits in SF Holding
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full SF Holding ownership tree →
See the full SF Holding brand portfolio (6) →
Other brands owned by SF Holding
SF Holding controls 6 brands on Brandtree, 6 of them in travel & transport.
Also in travel & transport
Other brands in parcel & freight logistics, and who owns them
The 221 brands in parcel & freight logistics on Brandtree belong to 181 owners. The largest is Radiant Logistics, with 5; SF Holding has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| Adcom Express | Radiant Logistics | 🇺🇸 United States |
| Forward Air | Forward Air | 🇺🇸 United States |
| ABF Freight | ArcBest | 🇺🇸 United States |
| C.H. Robinson | C.H. Robinson | 🇺🇸 United States |
| FedEx Express | FedEx | 🇺🇸 United States |
| GLS | IDS | 🇬🇧 United Kingdom |
| InPost | InPost | 🇱🇺 Luxembourg |
| Wilhelmsen Port Services | Wilh. Wilhelmsen Holding | 🇳🇴 Norway |
About the owner: SF Holding
SF Holding is a publicly listed company headquartered in Shenzhen, China, founded in 1993. Brandtree records 6 brands under its control, and it is listed as SZSE: 002352 and HKEX: 6936.
SF Holding is a logistics group listed in Shenzhen and Hong Kong. Its own website says SF was established in Shunde, Guangdong in 1993 and is headquartered in Shenzhen. Its 2025 annual report lists SF Airlines Company Limited as a wholly owned subsidiary providing air cargo and mail transportation and says the group operated 111 all-cargo aircraft at the end of 2025.
🇹🇭 KEX Express and other Thai brands
Brandtree records a controlling owner for 72 brands that began in Thailand. 6 of them (8%) are now controlled by a company headquartered in another country, KEX Express among them.
- Anantara Hotels & Resorts — Minor International 🇹🇭
- BTS SkyTrain — BTS Group 🇹🇭
- Bangkok Airways — Bangkok Airways 🇹🇭
- MRT Blue Line — BEM 🇹🇭
- Nok Air — Nok Airlines 🇹🇭
- Six Senses — IHG 🇬🇧
Frequently asked questions
Who is the parent company of KEX Express?
The parent company of KEX Express is SF Holding, a publicly listed company headquartered in China.
Is KEX Express Thai or Chinese?
KEX Express originated in Thailand, but it is owned today by SF Holding, which is headquartered in China. So KEX Express is a Thai-origin brand under Chinese ownership.
Is KEX Express still owned by SF Holding?
Yes. As of 5 October 2026, KEX Express is still owned by SF Holding. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] S.F. Holding Co., Ltd. 2025 Annual Report — S.F. Holding Co., Ltd., Annual report; retrieved 4 October 2026.
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