MEMORANDUM OF UNDERSTANDING CJ CENTURY LOGISTICS HOLDINGS BERHAD ("THE COMPANY" OR "CJ CENTURY") - ADDITIONAL INFORMATION IN RESPECT OF THE TERMINATION OF THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN CJ CENTURY LOGISTICS SDN. BHD. AND UTAMA MULTIMODAL LOGISTICS SDN. BHD.
| CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | CJ CENTURY LOGISTICS HOLDINGS BERHAD ("THE COMPANY" OR "CJ CENTURY") - ADDITIONAL INFORMATION IN RESPECT OF THE TERMINATION OF THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN CJ CENTURY LOGISTICS SDN. BHD. AND UTAMA MULTIMODAL LOGISTICS SDN. BHD. |
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Reference is made to the Company's earlier announcement dated 2 November 2021 in respect of the termination of the MOU entered into between the Company's wholly-owned subsidiary, CJ Century Logistics Sdn. Bhd. and Utama Multimodal Logistics Sdn. Bhd.
The Board of Directors of the Company wishes to further announce that the MOU was terminated mainly due to the uncertainty in securing the transportation and distribution of pharmaceuticals from global suppliers to the said pharmaceutical companies as well as onward distribution.
Nevertheless, the Company will make the requisite announcement should the opportunity arise in the future.
This announcement is dated 8 November 2021. |
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Announcement Info
| Company Name | CJ CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CJCEN |
| Date Announced | 08 Nov 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08112021-00059 |
