Brief: Kuehne Und Nagel To Acquire City Zone Express

Chasen Holdings

01/03/2024 06:02

March 1 (Reuters) - KUEHNE UND NAGEL INTERNATIONAL AG
 KNIN.S :
    * TO ACQUIRE CITY ZONE EXPRESS TO STRENGTHEN CROSS-BORDER
OFFERING
IN ASIA PACIFIC
    * SOUTHEAST ASIA EMERGING AS A VITAL MANUFACTURING HUB FOR
CRITICAL INDUSTRIES LIKE HIGH-TECH AND E-COMMERCE
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE CITY ZONE
EXPRESS, A
SUBSIDIARY OF CHASEN HOLDINGS LTD., A SINGAPORE EXCHANGE
MAINBOARD-LISTED COMPANY
    * COMPLETION OF THE TRANSACTION IS EXPECTED WITHIN THE
COMING
MONTHS
    * ACQUISITION IS SUBJECT TO APPROVAL FROM APPLICABLE
REGULATORY
AUTHORITIES AND CHASEN HOLDINGS’ SHAREHOLDERS

Source text for Eikon:  ID: 
Further company coverage:  KNIN.S 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))