The Board of Directors of Tiong Nam Logistics Holdings Berhad ("the Company or Tiong Nam") is pleased to announce that a new subsidiary in China has been incorporated on 15 March 2017 to be known as Tiong Nam Logistics Solutions (Shenzhen) Company Limited ("TNLS(SZ)"). The purpose of this incorporation of subsidiary is to expand our logistics business to China .
TNLS(SZ) is a wholly-owned subsidiary by Tiong Nam Logistics Solutions Sdn Bhd ("TNLS") where TNLS is a wholly-owned subsidiary of the Company and its intended principal activity is logistics business.
The incorporation of this subsidiary would not have any effect on the issued and paid-up capital and substantial shareholders' shareholdings nor will it have any significant effect on the earnings per share, net assets per share and gearing of TNLHB group for the year ending 31 March 2017.
This company is expanding into China, Vietnam, Cambodia and Burma (Yanmar) and soon the advance expansion and consolidation portfolio of this company will start to shoot up like a rocket. Buy for a great investment.
Fengshui master already said early of the year water stocks are going to do good this year. logistics belongs to water. this year logistics stock will move like how steel counter move last year!
You should check in on some of those fields below.
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Posted by kudamuda > 2017-03-13 10:45 | Report Abuse
Thanks @Pinky