[DISCLOSURE]
CJ Logistics (000120) announced on June 8 that its wholly-owned subsidiary CJ Logistics USA will acquire 1,800 shares of DSC Logistics of the US at US$216.36 million “to leap to a top-tier company in North American logistics market.”
This amounts to 426.16 percent of the subsidiary’s equity capital and it will own 90 percent stake in DSC.
The due date for acquisition is Nov. 15.
By Hwang You-mee (
glamazon@heraldcorp.com)