New Century Logistics (BVI) Limited has announced its intention to acquire 51% of Asiatic Logistics Limited, as part of a strategic effort to enhance its presence in Asia and develop a comprehensive global logistics ecosystem. The announcement, made on June 4, 2025, details a Letter of Intent signed with Asiatic's sole shareholder, Ms. Chiu Nga Ting. This move is expected to strengthen New Century's position in the Asian market and facilitate the upgrade of its global logistics network. The specifics of the transaction, such as purchase price and terms, will be determined in a forthcoming formal acquisition agreement, which will consider Asiatic's financial performance and the market environment.
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