Sino International Logistics Company N. V.
Sino International Logistic Company N.V. receives approval from Chinese government to acquire Shanghai Haohai Enterprise Management Co., Ltd
Sino International Logistic Company N.V. / Miscellaneous 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, June 29, 2007 – Dutch-based Sino International Logistic Company N.V. (SILC N.V.) announces, that on June 22nd, 2007 its subsidiary Shanghai Haohai Enterprise Management Co., Ltd has received the governmental approval for the acquisition by SILC N.V. The Chinese government approves that the former shareholder of Shanghai Haohai Enterprise Management Co., Ltd is permitted to transfer 100% of the shares to SILC N.V. and that the registered capital increases to USD 1,000,000. With the formal approval from the Chinese government the acquisition by SILC N.V. and the capital increase, signed on May 18th, 2007 is definitely legally approved. Hence, SILC N.V. can fully operate through its subsidiary. The company aspires to form joint ventures with other Chinese logistics companies directly or through Shanghai Haohai Enterprise Management Co., Ltd. At the beginning of June 2007 Shanghai Haohai Enterprise Management Co., Ltd has already realized a first transaction for SILC N.V. in the Chinese logistics market and acquired tangible and intangible assets of Shanghai Haohai International Trade Co., Ltd. This Chinese logistics company provides warehousing and transportation services for both import/export and industrial companies in Shanghai. Shanghai Haohai International Trade Co., Ltd is managing a private, public bonded goods storage facility in Shanghai and is the only private company which owns the qualification and licenses for public bonded warehousing business in Shanghai. 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, June 29, 2007 For further questions please contact us under: Corporate Communication Sino International Logistic Company N.V. T: +49-89-211128-126 DGAP 29.06.2007 ---------------------------------------------------------------------- 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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