Circular/Notice to Shareholders
| CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Subject | (a) Part A: (i) Proposed Acquisition of the entire issued share capital of CJ Korea Express Malaysia Sdn Bhd from CJ Logistics Asia Pte Ltd ("CJ Asia") for a purchase consideration of RM100,000,000 to be satisfied via the issuance of 200,000,000 new ordinary shares in CJ Century Logistics Holdings Berhad ("CJ Century") at the issue price of RM0.50 each; and (ii) Proposed Exemption under subparagraph 4.08(1)(a) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions for CJ Asia, from the obligation to undertake a mandatory take-over offer to acquire the remaining ordinary shares in CJ Century not already owned by it upon completion of the Proposed Acquisition, (Items (i) and (ii) are to be collectively referred to as the "Proposals"); (b) Part B: Independent Advice Letter from Mercury Securities Sdn Bhd to the non-interested shareholders of CJ Century in relation to the Proposals; and (c) Notice of Extraordinary General Meeting. |
Please refer attachment below.
Announcement Info
| Company Name | CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CJCEN |
| Date Announced | 06 May 2020 |
| Category | Document Submission |
| Reference Number | DCS-26032020-00008 |
