New Century Logistics (BVI) Ltd. Announces Acquisition of 51% Stake in Asiatic Logistics to Strengthen Asia Presence

Reuters

06-04

New Century Logistics (BVI) Ltd. Announces Acquisition of 51% Stake in Asiatic Logistics to Strengthen Asia Presence

New Century Logistics (BVI) Limited has announced its intention to acquire 51% of Asiatic Logistics Limited, as part of a strategic effort to enhance its presence in Asia and develop a comprehensive global logistics ecosystem. The announcement, made on June 4, 2025, details a Letter of Intent signed with Asiatic's sole shareholder, Ms. Chiu Nga Ting. This move is expected to strengthen New Century's position in the Asian market and facilitate the upgrade of its global logistics network. The specifics of the transaction, such as purchase price and terms, will be determined in a forthcoming formal acquisition agreement, which will consider Asiatic's financial performance and the market environment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Century Logistics (BVI) Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-013532), on June 04, 2025, and is solely responsible for the information contained therein.

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Announces Acquisition of 51% Stake in Asiatic Logistics to Strengthen Asia Presence\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-04 19:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      New Century Logistics (BVI) Ltd. 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