Century Logistics' major shareholders ensure continued growth of the group

-A +A

KUALA LUMPUR (Jan 5): Century Logistics Holdings Bhd's major shareholders have reiterated that they will take the lead to charge ahead and ensure continued growth of the group in the years to come.

"The leadership for this charge will come from both (Century Logistics' executive chairman) Datuk Phua Sin Mo and (managing director) Teow Choo Hing," it said in a filing with Bursa Malaysia today.

Century Logistics was commenting on a news report by The Edge Financial Daily today, which said, citing unnamed sources, that the group's major shareholders who collectively hold about 44% were looking to sell their equity interest in the supply chain management and logistics provider.

It added that after due inquiry on the group's major shareholders – Phua, Teow and former executive director Teow Choo Chuan (who resigned from the post on Aug 14, 2014), they currently have no intention of selling their equity interests in Century Logistics.

Shares of Century Logistics closed up 4.8% or 3 sen to 65.5 sen today, bringing a market capitalisation of RM236.19 million.