On June 4, 2025, New Century Logistics (NCEW) entered into a Letter of Intent with Ms. Chiu Nga Ting, the sole shareholder of Asiatic Logistics, to acquire 51% of the issued and outstanding shares of Asiatic. This strategic move is aimed at enhancing New Century’s presence in Asia and advancing the development of a comprehensive global logistics ecosystem. The signing of the LOI signifies a significant milestone in the ongoing strategic partnership between New Century and Asiatic. It builds upon the existing framework agreement and underscores the mutual commitment to leveraging synergies and optimizing operational efficiencies. This acquisition is expected to bolster New Century’s core advantages in the Asian market and catalyze the full-chain upgrade of its global logistics network. New Century and Asiatic have a long-standing history of collaboration. In July 2023, the two parties entered into a Strategic Cooperation Framework Agreement, focusing on complementary transportation services, joint market expansion, and resource sharing. The goal of this partnership was to build an integrated “global-regional” logistics network. The proposed acquisition of 51% equity in Asiatic represents a strategic upgrade based on the successful outcomes of previous cooperation. This move aims to deepen the mechanism of shared benefits through equity binding, promoting a leapfrog development from business collaboration to strategic win-win outcomes. Pursuant to the LOI, the specifics of the proposed 51% equity transaction, including the purchase price and payment terms, will be finalized through a subsequent formal acquisition agreement. This agreement will take into account various factors, such as Asiatic’s financial performance, the prevailing market environment and relevant industry benchmarks.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NCEW:
- New Century Logistics Subsidiary Partners with JD Logistics UK for Global Supply Chain Enhancement
- NCEW Investment Consultancy reaches cooperation agreement with JDL UK
- New Century Logistics Partners with Silk Way Airlines for Strategic Air Freight Collaboration
- New Century Logistics announces formal signing of MOU with Silk Way Airlines
- New Century Logistics Partners with Soradynamics for Innovative Drone System