New Century Logistics (BVI) Limited announced the proposed acquisition of 51% shares of Asiatic Logistics Limited to deepen its strategic layout in Asia and build a new global logistics ecosystem

Rhea-AI Summary

New Century Logistics (NCEW) has signed a Letter of Intent to acquire 51% of Asiatic Logistics Limited, marking a strategic expansion in Asia. The acquisition builds upon their July 2023 Strategic Cooperation Framework Agreement and aims to strengthen New Century's presence in the Asian market, particularly in Japan and Southeast Asia. Asiatic, established in 2007, specializes in air freight markets with core services including Japan Dedicated Line and e-commerce charter flights. The acquisition will enhance New Century's global logistics ecosystem by creating an integrated Asia-Europe-Middle East corridor. Post-acquisition, Japan will become a key strategic hub, with plans to develop customized e-commerce logistics products offering 72-hour customs clearance and 48-hour door-to-door service. The deal's financial terms will be determined in a subsequent formal acquisition agreement.

Positive

• Strategic acquisition of 51% stake in Asiatic Logistics strengthens New Century's presence in Asian markets
• Integration creates seamless Asia-Europe-Middle East logistics corridor enhancing global capabilities
• Acquisition complements New Century's existing routes with Asiatic's strong presence in Japan and Southeast Asia
• Enhanced e-commerce capabilities with 72-hour customs clearance and 48-hour door-to-door service
• Synergistic benefits through shared warehousing, transportation, and supply chain management systems

Negative

• Final purchase price and payment terms yet to be determined
• Integration challenges may arise from merging different operational systems and cultures
• Success depends on effective post-merger integration and realization of projected synergies

Insights

M&A Specialist

New Century's acquisition of Asiatic Logistics strengthens Asian presence, creating an integrated global logistics network with significant synergy potential.

New Century Logistics has signed a Letter of Intent to acquire a 51% controlling stake in Asiatic Logistics Limited, marking a significant strategic evolution from their previous framework cooperation agreement established in July 2023. This transaction represents a classic vertical integration play in the logistics sector with clear strategic rationale.

The acquisition targets three critical value drivers: market penetration, network expansion, and operational synergies. By acquiring Asiatic, New Century gains immediate access to established air freight operations in Japan and Southeast Asia, including specialized services like "Japan Dedicated Line" and "General Cargo Charter Flights." These assets complement New Century's existing strengths in US, European, and Middle Eastern markets.

Particularly noteworthy is the e-commerce logistics angle. Asiatic's subsidiary JP International focuses on Japanese e-commerce business, providing New Century with specialized capabilities in a high-growth segment. The company plans to leverage this expertise to develop a "72-hour customs clearance + 48-hour door-to-door" express logistics service - competitive metrics in cross-border e-commerce fulfillment.

The integration plan emphasizes Japan as a strategic hub connecting Southeast Asia with global markets. While specific financial terms remain undisclosed pending a formal acquisition agreement, the transaction structure (majority stake rather than full acquisition) suggests a balanced approach that maintains continuity while securing operational control.

This acquisition reflects broader industry consolidation trends as logistics providers seek to build end-to-end capabilities across multiple geographies. By transforming from a partnership to equity ownership, New Century is positioning itself as an integrated global logistics provider with enhanced capabilities in the rapidly growing Asian market.

Hong Kong, China, June 04, 2025 (GLOBE NEWSWIRE) -- On June 4, 2025, New Century Logistics (BVI) Limited (hereinafter referred to as "New Century") has entered into a Letter of Intent (hereinafter referred to as "LOI") with Ms. Chiu Nga Ting, the sole shareholder of Asiatic Logistics Limited ( hereinafter referred to as "Asiatic"), 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.

Strategic upgrade: from framework cooperation to equity binding, build a deep collaborative ecology

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.

Asiatic, as a benchmark company in the logistics sector of East Asia, has been deeply involved in the air freight markets of Japan and Southeast Asia since its establishment in 2007. Asia has leveraged its core services, such as "Japan Dedicated Line," "General Cargo Charter Flights," and "Special Cargo Transportation," along with the support of its subsidiary, JP International Logistics Limited (which focuses on Japanese e-commerce business), to become one of the most competitive logistics service providers in East Asia. Its main businesses, including "Hong Kong to Japan Charter Flights for E-commerce" and "Air Freight Capacity in Europe/Western Asia/Southeast Asia," complement the cross-continental air freight advantages of New Century in the United States, Europe, and the Middle East.

Core of acquisition: strengthen the Asian hub and improve the global network loop

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.

The strategic value of the acquisition to New Century is evident in the following three key areas:

1. Deep cultivation in the Asian market: Asiatic's extensive local network, customs clearance experience, and e-commerce freight advantages in Japan and Southeast Asia will significantly bolster New Century's "last mile" service offerings in Asia. This is particularly crucial given the rapid growth of cross-border e-commerce, enabling New Century to solidify its position as a leading logistics hub in East Asia.
   
2. Global Link Network Expansion: By integrating Asiatic's operations with New Century's existing routes in the United States, Europe, and the Middle East, the acquisition will create a seamless "Asia-Europe-Middle East" logistics corridor. This will allow New Century to offer customers an integrated "door-to-door" cross-border transportation solution, enhancing its global logistics capabilities.
3. Resource collaboration and efficiency: The two parties will collaborate further by sharing warehousing facilities, transportation vehicles, and supply chain management systems. This synergy will optimize transportation times and costs while improving market penetration through customer referral mechanisms.
   

Future plan: with Japan as the core, expand the new map of Asian business

Upon the successful completion of the acquisition, New Century will designate Japan as one of its key strategic hubs in Asia, leveraging it to expand both regional and transcontinental business operations. The following initiatives outline New Century's strategic roadmap:

• Strengthen the function of Japan hub: Utilizing Asiatic's "special line charter," "e-commerce" services, and the expertise of its subsidiary, JP International, Japan will be developed into a "transshipment center" for New Century's Asia region. This hub will connect Southeast Asia, Europe, America, and the Middle East markets, creating a multi-directional logistics channel that links "Japan-Southeast Asia-global;
  
  
• Develop customized e-commerce logistics products: In response to the explosive growth of the Japanese cross-border e-commerce market, New Century will collaborate with Asiatic to launch a "Japan-global" e-commerce special line service. This service will cover the entire process of forward transportation, customs clearance, warehousing, and terminal distribution, offering e-commerce customers an expedited "72-hour customs clearance + 48-hour door-to-door" express logistics experience.
  
  
• Deepening local resource integration: Leveraging the Asiatic team's in-depth understanding of the Japanese market, New Century plans to establish strategic partnerships with leading e-commerce platforms and manufacturing enterprises in Japan. This initiative aims to expand the customer base and enhance market penetration.
  
  
• Driving digital and intelligent upgrades: New Century will integrate its self-developed "Global Supply Chain Visualization System" with Asiatic's existing management platform. This integration will enable real-time synchronization of Japanese warehousing, transportation, and customs clearance data. The enhanced system will improve the accuracy of cargo tracking and the efficiency of abnormal response, providing customers with "one-click query and whole-process control" digital services.
  

Integrity as the foundation, future outlook

The chairman of the New Century board stated: " Asiatic is a 'hidden champion' in the East Asian logistics markets, with deep roots in Japan and Southeast Asia. This acquisition is a perfect fit with our global network, extending our business reach and upgrading our strategic ecosystem. We will use Asia as our bridgehead to drive global logistics services toward greater efficiency and closer alignment with customer needs. Our commitment to integrity and future outlook will guide us as we build a stronger, more integrated global logistics platform."

Ms. Chiu Nga Ting, shareholder of Asiatic, pointed out: " As a NASDAQ-listed company, New Century's international resource integration capabilities and capital strength are key drivers for Asiatic's advancement into cross-continental logistics. We believe that through equity cooperation, both parties will achieve a synergistic effect where '1+1>2', creating greater value for our customers. This partnership is not just about growth; it's about building a future where logistics is seamless, efficient, and customer-centric."

About Asiatic Logistics Limited

Asiatic Logistics was established in 2007, with its headquarters in Kowloon Bay, Hong Kong. Asiatic Logistics focuses on the air freight markets of Japan and Southeast Asia, offering services such as general cargo air transport, special cargo transportation, customized solutions, customs clearance agency, and cargo tracking. and is one of the most competitive logistics providers in East Asia.

About New Century Logistics (BVI) Limited

New Century is an international freight forwarding company and logistics service provider. Its customers include direct shippers and other freight forwarders. New Century assists its clients in both importing and exporting of goods which principally involves the arrangement of shipment upon receipt of booking instructions from our customers, including sale of cargo space, cargo pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance and cargo handling at ports. New Century's freight forwarding services principally generate revenues from air freight export shipments to regions such as North America, Europe and Asia.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements". You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of New Century. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. By identifying such information and statements in this manner, New Century is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of New Century to be materially different from those expressed or implied by such information and statements. A more complete discussion of the risks and uncertainties facing New Century appears in the registration statement and in New Century's Annual Information Form and other continuous disclosure filings, which are available on EDGAR at www.sec.gov. Although New Century has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, New Century has made certain assumptions. Although New Century believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in New Century’s prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.

Contact:        
ir@nclogistics.com.hk
New Century Logistics (BVI) Ltd 
A-E 33/F King Palace Plaza
55 King Yip Street 
Kwun Tong Hong Kong 
www.nclogistics.com.hk 

FAQ

What percentage of Asiatic Logistics is NCEW acquiring?

New Century Logistics (NCEW) is acquiring 51% of the issued and outstanding shares of Asiatic Logistics Limited.

What are the key markets where Asiatic Logistics operates?

Asiatic Logistics primarily operates in East Asia, with strong presence in Japan and Southeast Asia's air freight markets since 2007.

What is the purchase price for NCEW's acquisition of Asiatic Logistics?

The purchase price has not been determined yet and will be finalized in a subsequent formal acquisition agreement based on Asiatic's financial performance and market conditions.

How will this acquisition benefit NCEW's e-commerce capabilities?

The acquisition will enable NCEW to offer specialized e-commerce logistics with 72-hour customs clearance and 48-hour door-to-door delivery, leveraging Asiatic's Japan Dedicated Line and charter flight services.

When did NCEW and Asiatic Logistics begin their strategic partnership?

The companies began their partnership in July 2023 with a Strategic Cooperation Framework Agreement focusing on transportation services, market expansion, and resource sharing.