[TNLOGIS] EGM on 17-Dec-2013

Stock
[TNLOGIS]: TIONG NAM LOGISTICS HOLDINGS
Announcement Date
29-Nov-2013
Type
EGM
Date & Time
17-Dec-2013 11:00
Depositor Date
03-Dec-2013
Venue
Lot 30462, Jalan Kempas Baru, 81200 Johor Bahru, Johor Darul Takzim
Description
TIONG 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").
Notice of EGM.pdf
Outcome
The Board of Tiong Nam Logistics Holdings Berhad ("the Company") wishes to announce that the resolution as set out in the Notice of Extraordinary General Meeting ("EGM") dated 2 December 2013 and tabled at the EGM held earlier today were duly passed by the shareholders of the Company. This announcement is dated 17 December 2013.
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