Air Freight & Courier Services

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Sinotrans Ltd's subsidiary enters into transfer agreement

Thursday, 6 Nov 2014 03:21am EST

Sinotrans Ltd:Says Sinotrans (HK) Logistics, subsidiary entered into equity transfer agreement with Logistics Investment and Loyal Creation.Pursuant to which Sinotrans (HK) Logistics agreed to acquire target shares from Loyal Creation at an aggregate consideration of $14,120,000 ( (equivalent to HK$109,430,000).Upon completion of acquisition,SC (Hong Kong) Logistics Investment Ltd (target co.) will become directly wholly-owned subsidiary of Sinotrans (HK) Logistics.Target company, through Guangzhou Logistics, is legal and beneficial owner of Guangzhou Project Land.

TASCO Berhad announces acquisition OF 100.0 pct equity interest of Titian Pelangi Sdn. Bhd

Wednesday, 5 Nov 2014 07:00pm EST

TASCO Berhad:Announces that the company has completed the acquisition of 100 pct equity of Titian Pelangi Sdn. Bhd.Says with the completion of the acquisition, Titian Pelangi Sdn. Bhd. is now a 100 pct owned subsidiary of TASCO.

Forward Air announces acquisition of Multi-Modal

Monday, 3 Nov 2014 02:40pm EST

Forward Air Corp:Says its subsidiary, Central States Trucking Co has purchased substantially all of the assets of Multi-Modal Trucking, Inc. and Multi-Modal Services, Inc.Purchase price was $5.75 mln, plus an earn-out capped at $1 mln.Transaction was funded by Forward Air's cash reserves.

CTS International Logistics to acquire 65 pct stake in six companies

Sunday, 2 Nov 2014 07:00pm EST

CTS International Logistics Corp Ltd:To acquire 65 pct stake respectively in six companies (target company), based in Shanghai, including a international freight forwarding agent company, logistics company, shipping company, and container transportation company, from five individuals.The company will holding two subsidiaries of the target company indirectly, which are Shanghai-based international air forwarder company and Shanghai-based logistics marketing company.Transaction price of 205.09 mln yuan in total.

Singapore Post Ltd announces completion of acquisition of The Store House Ltd and 75 pct of The Store House Operating Company Limited

Friday, 31 Oct 2014 05:43am EDT

Singapore Post Ltd:Refers to the announcement on July 10, in relation to the entry by its subsidiary, General Storage Company Pte Ltd (GSC), into a share sale and purchase agreement (TSH SPA) with Gary Philip Beadell, Emely Sumajit Beadell and Rupert Charles Skrine for the purchase of The Store House Ltd.Also refers to the announcement made on July 29, in relation to the entry by GSC into a share sale and purchase agreement with The Store House Capital Partners Ltd for the purchase of 75 pct of The Store House Operating Company Ltd (TSHOL).Says TSH Acquisition and the TSHOL acquisition were completed on Oct. 31, and that The Store House Limited and The Store House Operating Company Limited are now indirect subsidiaries of the Company.

Bollore and its subsidiaries Compagnie du Cambodge and Societe Industrielle et Financiere de l'Artois file exchange tender offer for Havas

Friday, 17 Oct 2014 12:10pm EDT

Bollore SA:Says it filed with the Autorite des Marches Financiers an exchange tender offer for the securities of Havas.Exchange ratio is 9 shares of Bollore for 5 shares of Havas, after the split by 100 of nominal value of Bollore shares implying a premium of 19.5 pct.Transaction aims to strengthen Bollore`s ownership in Havas (currently at 36.2 pct), aiming to achieve a majority in Havas` shareholdings while maintaining the company listed and a satisfactory level of free float in order to ensure the liquidity of the shares.Offer is jointly initiated by Bollore and its subsidiaries Compagnie du Cambodge and Societe Industrielle et Financiere de l'Artois.BSAARs holders of Havas are offered to tender their BSAARs to the exchange offer on the basis of 31 shares of Bollore (post split of the nominal value) that will bear current dividends' right for 37 Havas BSAARs tendered.

SPS Commerce Inc acquires Leadtec

Monday, 13 Oct 2014 04:05pm EDT

SPS Commerce Inc:Says acquisition of Leadtec, a provider of cloud-based supply chain solutions in Australia and New Zealand with thousands of trading partners.Acquisition expands the SPS community in the region, building on current network of more than 55,000 customers in more than 50 countries.As part of the industry's broadest retail business network, Leadtec's customers will take advantage of a powerful suite of cloud-based products that provide the integration and collaboration needed for the omnichannel retail era.

Super Group Ltd announces acquisition of Allen Ford (UK) Ltd and strategic properties

Friday, 10 Oct 2014 08:00am EDT

Super Group Ltd:Says concluded an agreement with David Hammond, Paul Dunkley and Sir Geoffrey Whalen.To acquire 100 pct of shares of CHA (2005) Ltd.Says CHA (2005) Ltd, holds 100 pct of shares in Charles H. Allen Limited (CHA), which in turn holds 78,28 pct of shares of Allen Ford.Also concluded an agreement with Derek Brook, Michael Philips, Ronald Joseph, Paula Wood, Andrew Axon and Michael Ball for remaining 21,72 pct of shares of Allen Ford.Also concluded an agreement with Camden Ventures Ltd and Camden Motors (Holding) Ltd giving Super Group call option to purchase eight strategic freehold or leasehold properties leased by Allen Ford from Camden Companies.Purchase price for Allen Ford is 33,9 mln Pound.Purchase price of properties acquisition, assuming that sale option is exercised in respect of all eight of properties, is 18,4 mln Pound.Says 60 pct and 70 pct of properties consideration will be financed by UK based financial institution.Super Group will settle balance plus costs of the Properties Acquisition from cash resources.

Cogent Holdings Ltd announces completion of proposed acquisition

Tuesday, 30 Sep 2014 05:14am EDT

Cogent Holdings Ltd:Refers to the announcement made on Sept. 23, in respect of the proposed acquisition.Says the proposed acquisition has been duly completed and the purchase consideration has been duly paid to vendor’s solicitors on sept. 30, in accordance with the sale and purchase agreement.Says JWC Logistics Pte. Ltd. is now a subsidiary of SH Cogen.

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