OTHERS CENTURY LOGISTICS HOLDINGS BERHAD ("Century" or "Company") - DISPOSAL OF 31.44% OF THE ISSUED SHARE CAPITAL OF CENTURY LOGISTICS HOLDINGS BERHAD TO CJ KOREA EXPRESS ASIA PTE. LTD.
| CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CENTURY LOGISTICS HOLDINGS BERHAD ("Century" or "Company")
- DISPOSAL OF 31.44% OF THE ISSUED SHARE CAPITAL OF CENTURY LOGISTICS HOLDINGS BERHAD TO CJ KOREA EXPRESS ASIA PTE. LTD. |
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Reference is made to the announcement on 8 September 2016. The Board of Directors of Century wishes to announce that the conditions precedent set out in the Conditional Sale and Purchase Agreement between Datuk Phua Sin Mo, Datin Lee Lay Hun, Pamela Phua Jo Lyn and Chai Mee Young (collectively, the “Vendors”) with CJ Korea Express Asia Pte. Ltd. (“Purchaser”) have been fulfilled on 31 October 2016. Correspondingly, the disposal of 120,544,236 issued and fully paid ordinary shares in the Company representing approximately 31.44% of its entire issued share capital (as at 8 September 2016) by the Vendors to the Purchaser, at a disposal price of RM1.45 per share, have been transacted on 31 October 2016. This announcement is dated 31 October 2016. |
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Announcement Info
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 31 Oct 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31102016-00042 |
