Business
New Century Logistics (BVI) Limited announced the proposed acquisition of 51% shares of Asiatic Logistics Limited to deepen its strategic layout in Asia and build a new global logistics ecosystem
Hong Kong, China, June 04, 2025 (GLOBE NEWSWIRE) -- On June 4, 2025, New Century Logistics (BVI) Limited (hereinafter referred to as "New Century") has
About this update from New Century Logistics (bvi) Limited
[{"type":"text","content":"Hong Kong, China, June 04, 2025 (GLOBE NEWSWIRE) -- On June 4, 2025, New Century Logistics (BVI) Limited (hereinafter referred to as \"New Century\") has entered into a Letter of Intent (hereinafter referred to as \"LOI\") with Ms. Chiu Nga Ting, the sole shareholder of Asiatic Logistics Limited ( hereinafter referred to as \"Asiatic\"), to acquire 51% of the issued and outstanding shares of Asiatic. This strategic move is aimed at enhancing New Century's presence in Asia and advancing the development of a comprehensive global logistics ecosystem. The signing of the LOI signifies a significant milestone in the ongoing strategic partnership between New Century and Asiatic. It builds upon the existing framework agreement and underscores the mutual commitment to leveraging synergies and optimizing operational efficiencies. This acquisition is expected to bolster New Century's core advantages in the Asian market and catalyze the full-chain upgrade of its global logistics network. Strategic upgrade: from framework cooperation to equity binding, build a deep collaborative ecology New Century and Asiatic have a long-standing history of collaboration. In July 2023, the two parties entered into a Strategic Cooperation Framework Agreement, focusing on complementary transportation services, joint market expansion, and resource sharing. The goal of this partnership was to build an integrated \"global-regional\" logistics network. The proposed acquisition of 51% equity in Asiatic represents a strategic upgrade based on the successful outcomes of previous cooperation. This move aims to deepen the mechanism of shared benefits through equity binding, promoting a leapfrog development from business collaboration to strategic win-win outcomes. Asiatic, as a benchmark company in the logistics sector of East Asia, has been deeply involved in the air freight markets of Japan and Southeast Asia since its establishment in 2007. Asia has leveraged its core services, such as \"Japan Dedicated Line,\" \"General Cargo Charter Flights,\" and \"Special Cargo Transportation,\" along with the support of its subsidiary, JP International Logistics Limited (which focuses on Japanese e-commerce business), to become one of the most competitive logistics service providers in East Asia. Its main businesses, including \"Hong Kong to Japan Charter Flights for E-commerc...