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General Announcement::Completion of the Sale of APL Logistics Ltd to Kintetsu Wo...

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General Announcement::Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc Issuer & Securities

Issuer/ Manager

NEPTUNE ORIENT LINES LIMITED

Securities

NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03

Stapled Security

No

Announcement Details

Announcement Title

General Announcement

Date & Time of Broadcast

29-May-2015 17:18:42

Status

New

Announcement Sub Title

Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc

Announcement Reference

SG150529OTHR43RJ

Submitted By (Co./ Ind. Name)

Looi Lee Hwa (Ms) & Wong Kim Wah (Ms)

Designation

Company Secretaries

Description (Please provide a detailed description of the event in the box below)

Neptune Orient Lines Limited ("NOL") is pleased to announce that it has today completed the sale of its logistics business, APL Logistics Ltd ("APLL"), to Kintetsu World Express, Inc. ("KWE") for an aggregate purchase price of USD1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.

NOL will announce the final purchase price after such adjustments have been determined.

By Order of the Board of

NEPTUNE ORIENT LINES LIMITED

Looi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries

29 May 2015, Singapore

Attachments

Completion of Sale of APLL.pdf

Total size =85K



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http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcem...

29/5/2015

NEPTUNE ORIENT LINES LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 196800632D Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc

Neptune Orient Lines Limited ("NOL") is pleased to announce that it has today completed the sale of its logistics business, APL Logistics Ltd ("APLL"), to Kintetsu World Express, Inc. ("KWE") for an aggregate purchase price of USD1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.
NOL will announce the final purchase price after such adjustments have been determined.
By Order of the Board of

NEPTUNE ORIENT LINES LIMITED

Looi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries
29 May 2015, Singapore

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