Sino International Logistics Company N. V.
Sino International Logistic Company N.V. finalizes acquisition of Shanghai Haohai Enterprise Management Co., Ltd
Sino International Logistic Company N.V. / Acquisition/Capital Increase Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Maastricht, July 9, 2007 – Dutch-based Sino International Logistic Company N.V. (SILC N.V.) announces today the closing of the purchase and the capital increase in its Chinese subsidiary Shanghai Haohai Enterprise Management Co., Ltd (SHEMC) on July 6th, 2007. After having received the formal approval from the Chinese government on June 22nd, 2007, SILC N.V. has now concluded the purchase of 100% of the shares of SHEMC and has executed the capital increase in its subsidiary, as indicated on May 18th, 2007. The registered capital of SHEMC has been raised from USD 140,000 to USD 1,000,000. The amount raised by the capital increase will be used for the acquisition of tangible and intangible assets of Shanghai Haohai International Trade Co., Ltd. The acquisition of this Chinese logistics company, which provides warehousing and transportation services in Shanghai, was resolved in an acquisition agreement at the beginning of June 2007. About SILC N.V. SILC N.V. is a Dutch-based holding company that focuses on investments and the operation of logistics business throughout China. The company strives to become a multi-function logistics company by providing a comprehensive logistics services portfolio. More information regarding SILC N.V. and its business activities can be found on the company’s website www.silcglobal.com. Maastricht, July 9, 2007 For further questions please contact us under: Corporate Communication Sino International Logistic Company N.V. T: +49-89-211128-126 DGAP 09.07.2007 ---------------------------------------------------------------------- Language: English Issuer: Sino International Logistic Company N.V. Kruisdonk 66 6222 PH Maastricht Niederlande Phone: - Fax: - E-mail: kirstin.thon@theascendogroup.com Internet: www.silcglobal.com ISIN: NL0000871044 WKN: A0MR5W Indices: Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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