General Announcement::Completion of the Sale of APL Logistics Ltd to Kintetsu Wo...
Page 1 of 1
General Announcement::Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc Issuer & SecuritiesIssuer/ Manager | NEPTUNE ORIENT LINES LIMITED |
Securities | NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03 |
Stapled Security | No |
Announcement Title | General Announcement |
Date & Time of Broadcast | 29-May-2015 17:18:42 |
Status | New |
Announcement Sub Title | Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc |
Announcement Reference | SG150529OTHR43RJ |
Submitted By (Co./ Ind. Name) | Looi Lee Hwa (Ms) & Wong Kim Wah (Ms) |
Designation | Company Secretaries |
Description (Please provide a detailed description of the event in the box below) | Neptune Orient Lines Limited ("NOL") is pleased to announce that it has today completed the sale of its logistics business, APL Logistics Ltd ("APLL"), to Kintetsu World Express, Inc. ("KWE") for an aggregate purchase price of USD1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date. NOL will announce the final purchase price after such adjustments have been determined. By Order of the Board of NEPTUNE ORIENT LINES LIMITED Looi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries 29 May 2015, Singapore |
Attachments
Completion of Sale of APLL.pdf
Total size =85K
Like 0 0
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcem...
29/5/2015
NEPTUNE ORIENT LINES LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 196800632D Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc
Neptune Orient Lines Limited ("NOL") is pleased to announce that it has today completed the sale of its logistics business, APL Logistics Ltd ("APLL"), to Kintetsu World Express, Inc. ("KWE") for an aggregate purchase price of USD1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.
NOL will announce the final purchase price after such adjustments have been determined.
By Order of the Board of
Looi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries
29 May 2015, Singapore
distributed by |