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PROPOSED DISPOSAL OF PROPERTY HELD UNDER GM 1544 LOT 1829, GM 1545 LOT 3399 AND GM 1546 LOT 1830, MUKIM AND DISTRICT OF KLANG, STATE OF SELANGOR ("PROPERTY") BY CENTURY TOTAL LOGISTICS SDN BHD ("CTL" ), A WHOLLY-OWNED SUBSIDIARY OF CENTURY, TO MAPLETREELOG (M) HOLDINGS SDN BHD ("PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF MAPLETREE LOGISTICS TRUST, A REAL ESTATE INVESTMENT TRUST LISTED ON THE SINGAPORE STOCK EXCHANGE, FOR A CASH CONSIDERATION OF RM32 MILLION (“PROPOSED DISPOSAL”)Further to Century's announcements on 22 May 2007 and 7 August 2007, the Board of Directors of Century wishes to announce that CTL had, on 21 March 2008, been notified by its solicitors that the transfer of the Property to the Purchaser have been registered. As such the final balance sum, amounting to RM12,624,353 together with accrued interest thereon, is receivable by CTL. With the release of the final balance sum above, the Proposed Disposal is fully completed.(KLSE 21-3-2008)
