OTHERS Approval from Malaysian Industrial Development Authority (MIDA) on application by CJ Century Logistics Sdn. Bhd. ("CJCL"), a wholly-owned subsidiary company of CJ Century Logistics Holdings Berhad ("CJ Century"), for International Integrated Logistics Services Status
| CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Approval from Malaysian Industrial Development Authority (MIDA) on application by CJ Century Logistics Sdn. Bhd. ("CJCL"), a wholly-owned subsidiary company of CJ Century Logistics Holdings Berhad ("CJ Century"), for International Integrated Logistics Services Status |
The Board of Directors of CJ Century wishes to announce that CJCL has received an approval letter from MIDA for International Integrated Logistics Services (“IILS”) status. The IILS status enables CJCL to have up to 100% foreign equity ownership in its Freight Forwarding Agent Licence issued by the Royal Malaysian Customs. The Board is of the opinion that the IILS status is in the best interest of the Company as it would allow CJ Century to continue renewing its Freight Forwarding Agent Licence with its present equity structure. This announcement is dated 3 November 2020. |
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Announcement Info
| Company Name | CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CJCEN |
| Date Announced | 03 Nov 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03112020-00035 |
