Announcements

Date : 08 September 2011

OTHERS CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY”) - ACQUISITION OF 100 % EQUITY INTEREST IN CENTURY ONSYS SDN. BHD. (FORMERLY KNOWN AS DWIALAM TEKNOLOGI SDN. BHD.)

CENTURY LOGISTICS HOLDINGS BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY”)
- ACQUISITION OF 100 % EQUITY INTEREST IN CENTURY ONSYS SDN. BHD. (FORMERLY KNOWN AS DWIALAM TEKNOLOGI SDN. BHD.)
1. Introduction
    The Board of Directors of Century wishes to announce that Century Logistics Sdn. Bhd., a wholly-owned subsidiary of Century had on 25 August 2011 acquired two (2) ordinary shares of RM1.00 each, representing 100% of the total equity interest in the capital of Century Onsys Sdn. Bhd. (formerly known as Dwialam Teknologi Sdn. Bhd.) for a consideration of RM2.00.

    Following the above acquisition, Century Onsys Sdn. Bhd. (formerly known as Dwialam Teknologi Sdn. Bhd.) became a wholly-owned subsidiary of Century Logistics Sdn. Bhd.

    2.. Financial Effects

    The above acquisition does not 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

    None of the directors and/or major shareholders of Century and/or persons connected to them, has any interests, direct or indirect in the above acquisition.

    4. Statement of the Directors

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


This announcement is dated 8 September 2011.



Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced8 Sept 2011  
CategoryGeneral Announcement
Reference NoCS-110908-7763A

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