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General Announcement::Incorporation Of New Company in Vietnam

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General Announcement::Incorporation Of New Company in Vietnam 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

25-May-2015 18:54:25

Status

New

Announcement Sub Title

Incorporation Of New Company in Vietnam

Announcement Reference

SG150525OTHRMSJS

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") wishes to announce that it has on

22 May 2015, through its wholly-owned subsidiary in Singapore, APL Logistics Ltd ("APLL") together with a local individual shareholder,

incorporated a new company in Vietnam named APL Logistics Vietnam

Company Limited ("APLL Vietnam"). APLL Vietnam is owned 98% by APLL and 2% by a local individual shareholder. APLL Vietnam's areas of focus are in the provision of goods warehousing and storage services and freight transport agency services.

APLL Vietnam will be capitalized within 12 months from the date of issuance of the Investment Certificate by the People's Committee of Ho Chi Minh City.

The incorporation of APLL Vietnam is not expected to have a material effect on the net tangible assets or earnings per share of the NOL Group for the current financial year.

None of the Directors or controlling shareholder of NOL has any interest, direct or indirect, in the above transaction.

BY ORDER OF THE BOARD

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

25 May 2015

Attachments

New Vietnam Entity.pdf

Total size =150K



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25/5/2015

NEPTUNE ORIENT LINES LIMITED

(Incorporated in the Republic of Singapore) Company Registration Number: 196800632D

INCORPORATION OF NEW COMPANY IN VIETNAM

Neptune Orient Lines Limited ("NOL") wishes to announce that it has on 22 May 2015, through its wholly-owned subsidiary in Singapore, APL Logistics Ltd ("APLL") together with a local individual shareholder, incorporated a new company in Vietnam named APL Logistics Vietnam Company Limited ("APLL Vietnam"). APLL Vietnam is owned 98% by APLL and

2% by a local individual shareholder. APLL Vietnam's areas of focus are in the provision of

goods warehousing and storage services and freight transport agency services.
APLL Vietnam will be capitalized within 12 months from the date of issuance of the
Investment Certificate by the People's Committee of Ho Chi Minh City.
The incorporation of APLL Vietnam is not expected to have a material effect on the net tangible assets or earnings per share of the NOL Group for the current financial year.
None of the Directors or controlling shareholder of NOL has any interest, direct or indirect, in the above transaction.
BY ORDER OF THE BOARD
Looi Lee Hwa (Ms) / Wong Kim Wah (Ms) Company Secretaries
25 May 2015

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