New Century Logistics (BVI) Limited Shares Soar 15% on Asiatic Logistics Acquisition

New Century Logistics (BVI) Limited announced the proposed acquisition of 51% shares of Asiatic Logistics Limited to deepen its strategic layout in Asia and ...

New Century Logistics (BVI) Limited has made a significant move by announcing its entry into a Letter of Intent to acquire 51% of Asiatic Logistics Limited. This strategic acquisition is aimed at strengthening New Century's presence in the Asian market, which is expected to drive growth and enhance its logistics capabilities in the region. The acquisition is part of New Century's broader strategy to expand its footprint and diversify its operations, positioning itself as a key player in the logistics industry.

The proposed acquisition involves New Century Logistics signing a Letter of Intent with Asiatic's sole shareholder, Chiu Nga Ting, to acquire 51% of Asiatic's shares. This move is seen as a strategic investment that will allow New Century to leverage Asiatic's established network and expertise in the Asian logistics market. The acquisition is expected to provide New Century with a competitive edge, enabling it to offer more comprehensive and efficient logistics solutions to its clients.