Corporate HQ Fax: (65) 62612373
38 Tanjong Penjuru Email: e-mail@cwtlimited.com CWT Logistics Hub 1 Website: www.cwtlimited.com Singapore 609039 RCB Reg. No.: 197000498M
ANNOUNCEMENT
CWT Limited ('CWT' or the 'Group') wishes to announce the divestment of its entire 51% shareholding in CWT Maiia Trade Services Pvt Ltd (the 'Company') effective 29 October 2015 on a willing-buyer-willing- seller arm's length basis for a sales consideration of INR 51,000 (S$1,096). The Company provides import and export logistics services in India. The divestment is in line with the Group's continual review and rationalisation of its businesses.
The divestment is not expected to have any material impact on the consolidated earnings and net tangible assets of the Group for the financial year ending 31 December 2015. None of the directors or controlling shareholder of CWT has any interest, direct or indirect, in the divestment.
By Order of the Board
Lye Siew Hong - Lynda Goh Company Secretary
CWT Limited
30 October 2015
CWT is a leading provider of integrated logistics and supply chain solutions. Our business is about connecting world trade. We move, build and power customers' supply chain forward. We combine our logistics capabilities, global network and resources to add value for customers. CWT Group also provides commodity marketing, financial and engineering services ancillary to its core logistics business. For more information, visit www.cwtlimited.com.
For more information, contact:
Lynda GOH Johan LIM
Deputy Group CEO & Group CFO Senior Manager, Corporate Communications
Tel: (65) 6307 8338 Tel: (65) 6307 8018
Fax: (65) 6261 2373 Fax: (65) 6261 2373
Email: shlynda@cwtlimited.com Email: cbjohan@cwtlimited.com
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