OTHERS CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR " THE COMPANY") - APPROVAL OF SPECIAL INCENTIVE PACKAGE BY THE GOVERNMENT OF MALAYSIA
| CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR " THE COMPANY")
- APPROVAL OF SPECIAL INCENTIVE PACKAGE BY THE GOVERNMENT OF MALAYSIA |
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The Board of Directors of Century is pleased to announce that Century Total Logistics Sdn Bhd (“CTL”), a wholly-owned subsidiary of the Company, has on 16 June 2015 received the letter of approval (dated 15 June 2015) for a special incentive package from the Malaysian Industrial Development Authority, on behalf of the Government of Malaysia. The special incentive package will enable CTL to qualify for income tax exemption via Investment Tax Allowance (“ITA”) of 60% of qualifying capital expenditure within a 5 years period from the year of assessment 2015. The ITA can then be utilized to deduct up to 70% of the statutory income for each year of assessment. The special incentive package is expected to contribute positively to the future earnings of the Century Group. This announcement is dated 16 June 2015. |
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Announcement Info
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 16 Jun 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16062015-00045 |
