Partnership4 Oct 2024, 01:02 am
ALLCARGO LOGISTICS LTD. Subsidiary Ecuhold N.V. Acquires Additional 25% Stake in ECU Worldwide (Japan) Limited for USD $550,000
AI Summary
ALLCARGO LOGISTICS LTD. has announced that Ecuhold N.V., its wholly owned subsidiary, has acquired an additional 25% stake in ECU Worldwide (Japan) Limited. The acquisition was made for a consideration of USD $550,000, paid on October 01, 2024. This acquisition has increased Ecuhold N.V.'s stake in ECU Worldwide (Japan) Limited to 90%.
Key Highlights
- Ecuhold N.V., a subsidiary of ALLCARGO LOGISTICS LTD., has acquired an additional 25% stake in ECU Worldwide (Japan) Limited.
- The acquisition was made for a consideration of USD $550,000.
- This acquisition has increased Ecuhold N.V.'s stake in ECU Worldwide (Japan) Limited to 90%.
- ECU Worldwide (Japan) Limited is a FCL and LCL consolidation services provider operating in Japan.
- The last 3 years turnover of ECU Worldwide (Japan) Limited is: 2021: JPY 44674.64 Lakhs, 2022: JPY 53781.15 Lakhs, 2023: JPY 41744.34 Lakhs.