Announcements

Date : 29 June 2011

OTHERS CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY”) - SUBSCRIPTION OF EQUITY INTEREST IN CENTURY LED SDN. BHD. BY CENTURY ADVANCE TECHNOLOGY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF CENTURY

CENTURY LOGISTICS HOLDINGS BERHAD

TypeAnnouncement
SubjectOTHERS
Description
CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY”)
- SUBSCRIPTION OF EQUITY INTEREST IN CENTURY LED SDN. BHD. BY CENTURY ADVANCE TECHNOLOGY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF CENTURY

1.Introduction

The Board of Century wishes to announce that
Century LED Sdn. Bhd. ("CLED") had increased its paid-up capital from RM500,000/- to RM950,000/- by alloting additional 450,000 new ordinary shares of RM1.00 each at par value for cash and Century Advance Technology Sdn. Bhd. ("CAT") had subscribed for new 325,000 ordinary shares of RM1.00 each at par value in CLED. Upon the said subscription, the shareholding of CAT in CLED increased from 65% to 68.42%.

2. Financial Effects

The subscription of shares in CLED is not expected to have any material effects on the earnings per share, gearing and net assets per share of the Century Group.


3. Directors' and Major Shareholders' Interests

Save for the respective indirect interests via Century, none of the directors and/or major shareholders and/or persons connected to them, has any interests, direct or indirect in the above subscription.

4. Statement of the Directors

The Board of Directors of Century is of the opinion that the above subscription is in the best interest of the Century Group.


This announcement is dated 29 June 2011.


Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced29 Jun 2011  
CategoryGeneral Announcement
Reference NoCS-110629-935AF

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