TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS CJ CENTURY LOGISTICS HOLDINGS BERHAD ("THE COMPANY" OR "CJ CENTURY") - PROPOSED DISPOSAL BY CJ CENTURY OF ITS COURIER SERVICES BUSINESS THROUGH THE DIVESTMENT OF ITS 100% EQUITY INTEREST IN CJ LOGISTICS EXPRESS MALAYSIA SDN. BHD. (FORMERLY KNOWN AS EVERGREEN SUNLIGHT SDN. BHD.) TO CJ LOGISTICS ASIA PTE LTD FOR A TOTAL CASH CONSIDERATION OF RM7,471,505.91
| CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | CJ CENTURY LOGISTICS HOLDINGS BERHAD ("THE COMPANY" OR "CJ CENTURY") - PROPOSED DISPOSAL BY CJ CENTURY OF ITS COURIER SERVICES BUSINESS THROUGH THE DIVESTMENT OF ITS 100% EQUITY INTEREST IN CJ LOGISTICS EXPRESS MALAYSIA SDN. BHD. (FORMERLY KNOWN AS EVERGREEN SUNLIGHT SDN. BHD.) TO CJ LOGISTICS ASIA PTE LTD FOR A TOTAL CASH CONSIDERATION OF RM7,471,505.91 |
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The Board of Directors of CJ Century wishes to announce that the Company had on 4 June 2021, entered into a conditional sale and purchase agreement with CJ Logistics Asia Pte Ltd for the disposal of its courier services business through the divestment of its 100% equity interest in CJ Logistics Express Malaysia Sdn. Bhd. (formerly known as Evergreen Sunlight Sdn. Bhd.) for a total cash consideration of RM7,471,505.91 ("Proposed Disposal").
Please refer to the attachment for further details on the Proposed Disposal.
This announcement is dated 4 June 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CJCEN |
| Date Announced | 04 Jun 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04062021-00011 |
