Sino International Logistics Company N. V.
SILC N.V. starts business activities with China Minmetals Corporation as new major service customer
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 19, 2007 – Dutch-based Sino International Logistic Company N.V. (SILC N.V.), specialized on investments in Chinese logistics companies, starts its first project for China Minmetals Corporation, a major client. Through its wholly owned subsidiary Shanghai Haohai Enterprise Management Co., Ltd the company will provide warehousing services. Accordingly both parties signed a contract on December 13th 2006. Since then the constructional foundations for fulfilment of the contract were laid. China Minmetals Corporation (CMC) is an international producing and trading group of metals, minerals and electrical products. With annual revenues of approx. 18.9 billion USD, CMC is among the largest steel companies in China. According to the contract SILC’ s Chinese subsidiary will process 40,000 tons of steel per month starting in June 2007. The total volume of the contract amounts to around 5 million RMB (approx. 500,000 EUR) per year, the contract duration is three years. By winning CMC as a new major client for its Chinese subsidiary, SILC N.V. strengthens its position in the Chinese logistics market. Moreover, the company is in negotiations regarding a logistics project with one of the largest steel and iron manufacturing company in China. 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. The company aspires to form joint ventures with other Chinese logistics companies directly or through its wholly owned Chinese subsidiary Shanghai Haohai Enterprise Management Co., Ltd. More information regarding SILC N.V. and its business activities can be found on the company’s website www.silcglobal.com. Maastricht, June 19, 2007 For further questions please contact us under: Corporate Communication Sino International Logistic Company N.V. T: +49-89-211128-126 DGAP 19.06.2007 ---------------------------------------------------------------------- Language: English Issuer: Sino International Logistic Company N.V. Kruisdonk 66 6222 PH Maastricht Niederlande Phone: - Fax: - E-mail: kirstin.thon@theascendogroup.com www: www.silcglobal.com ISIN: NL0000871044 WKN: A0MR5W Indices: Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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