August 1, 2013

Company announcements: TNLOGIS

TNLOGIS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameTIONG NAM LOGISTICS HOLDINGS BERHAD  
Stock Name TNLOGIS  
Date Announced1 Aug 2013  
CategoryGeneral Announcement
Reference NoCU-130801-58919

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionTIONG NAM LOGISTICS HOLDINGS BERHAD ("Tiong Nam" or "the Company")

Proposed acquisition of assets by Tiong Nam Logistics Solutions Sdn Bhd ("TNLS"), a wholly-owned subsidiary of Tiong Nam, from ABS Logistics Berhad ("ALB" or "the Vendor") for a total purchase consideration of approximately RM176.3 million ("Purchase Consideration") to be satisfied by cash of RM125.0 million with the balance of RM51.3 million as amount owing by TNLS to ALB ("Proposed Acquisition").
We refer to the earlier announcement dated 30 July 2013 in relation to the Proposed Acquisition.
On behalf of the Board of Directors of Tiong Nam, MIDF Amanah Investment Bank Berhad wishes to further add, in the attachment below, the expiry dates of the leases for the relevant properties which are the subject of the Proposed Acquisition.

Attachments

Appendix I - 010813.pdf
262 KB



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