Allcargo Global Logistics Ltd has informed that the Board of Directors of the Company
at their meeting held on April 24, 2008, inter alia, has considered and approved the following :
1. Divestment of shareholding of ACM Lines (Pty) Ltd, an Associate Company, in favour of F.T. International, the wholly owned subsidiary Company.
2. Divestment of shareholding of ECU Hold N.V., the subsidiary of the Company, in favour of Allcargo Belgium N.V, the wholly owned subsidiary of the Company.
at their meeting held on April 24, 2008, inter alia, has considered and approved the following :
1. Divestment of shareholding of ACM Lines (Pty) Ltd, an Associate Company, in favour of F.T. International, the wholly owned subsidiary Company.
2. Divestment of shareholding of ECU Hold N.V., the subsidiary of the Company, in favour of Allcargo Belgium N.V, the wholly owned subsidiary of the Company.
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