Announcements

Date : 04 June 2021

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

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.




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


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