Announcements

Date : 29 January 2015

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR THE "COMPANY") -PROPOSED ACQUISITION BY CENTURY TOTAL LOGISTICS SDN. BHD. ("CTL" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF CENTURY, OF TWO (2) ADJOINING PARCELS OF VACANT INDUSTRIAL LAND (“PROPERTIES”) AS FOLLOWS: (I) LOT 26, EASTERN GATEWAY INDUSTRIAL HUB, HELD UNDER SURATAN HAKMILIK SEMENTARA NO. H.S. (D) 139769, PT NO. 69196, MUKIM KAPAR, DAERAH KLANG, SELANGOR MEASURING APPROXIMATELY 16,212 SQUARE METRES (OR APPROXIMATELY 174,506 SQUARE FEET) FROM SIERRA TOWERS SDN. BHD. FOR A CONSIDERATION OF RM18,846,644.76; AND (II) LOT 27, EASTERN GATEWAY INDUSTRIAL HUB, HELD UNDER SURATAN HAKMILIK SEMENTARA NO. H.S. (D) 139758, PT NO. 69185, MUKIM KAPAR, DAERAH KLANG, SELANGOR MEASURING APPROXIMATELY 17,057 SQUARE METRES (OR APPROXIMATELY 183,602 SQUARE FEET) FROM EIGHT EDITION SDN. BHD. FOR A CONSIDERATION OF RM19,828,966.32.

CENTURY LOGISTICS HOLDINGS BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR THE "COMPANY")
-PROPOSED ACQUISITION BY CENTURY TOTAL LOGISTICS SDN. BHD. ("CTL" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF CENTURY, OF TWO (2) ADJOINING PARCELS OF VACANT INDUSTRIAL LAND (“PROPERTIES”) AS FOLLOWS:

(I) LOT 26, EASTERN GATEWAY INDUSTRIAL HUB, HELD UNDER SURATAN HAKMILIK SEMENTARA NO. H.S. (D) 139769, PT NO. 69196, MUKIM KAPAR, DAERAH KLANG, SELANGOR MEASURING APPROXIMATELY 16,212 SQUARE METRES (OR APPROXIMATELY 174,506 SQUARE FEET) FROM SIERRA TOWERS SDN. BHD. FOR A CONSIDERATION OF RM18,846,644.76; AND

(II) LOT 27, EASTERN GATEWAY INDUSTRIAL HUB, HELD UNDER SURATAN HAKMILIK SEMENTARA NO. H.S. (D) 139758, PT NO. 69185, MUKIM KAPAR, DAERAH KLANG, SELANGOR MEASURING APPROXIMATELY 17,057 SQUARE METRES (OR APPROXIMATELY 183,602 SQUARE FEET) FROM EIGHT EDITION SDN. BHD. FOR A CONSIDERATION OF RM19,828,966.32.

Reference is made to the Company's announcement on 4 November 2014.

The Board of Directors of the Company wishes to announce that the solicitors for CTL had on 28 January 2015, released the Balance Purchase Price to the vendors' solicitors in exchange for the titles to the Properties. The Proposed Acquisition is therefore completed.


This announcement is dated
29 January 2015.



Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced29 Jan 2015  
CategoryGeneral Announcement
Reference NoCS-150129-50853

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