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Nichirei Logistics Group made NL COLD CHAIN NETWORK a wholly-owned subsidiary

Nichirei Logistics Group HQ (President: Kazuhiko Umezawa, Head office: Kanda Misaki-cho, Chiyoda-ku, Tokyo) has acquired additional 60% shares of NL COLD CHAIN NETWORK (M) SDN. BHD. of Malaysia (hereinafter NLCCN) on 28 February 2023. NLCCN had been our affiliated company since 2018. Now as a result of the additional acquisition, it is our wholly owned subsidiary.

Nichirei Logistics Group has been developing its business in Malaysia through its investment in NLCCN in June 2018 and NL LITT TATT GROUP SDN.BHD. in June 2022. Taking the opportunity of becoming a wholly-owned subsidiary this time, the Group aims to further expand its Malaysian business through appropriate business investment by speeding up management decisions.

<Overview of NL COLD CHAIN NETWORK>.

  1. Company name: NL COLD CHAIN NETWORK (M) SDN. BHD.
  2. Location: no. 3, Jalan Perindustrian Puchong Bandar Metro Puchong,
    47160 Puchong Selangor, MALAYSIA
  3. Establishment: 2002.
  4. Capital: 62,380,000 ringgit (approximately 1.92 billion yen).
  5. Main business: Temperature-controlled Warehouse and Transportation.
  6. Storage capacity: 44,235 tons
    Frozen: 28,684 tons
    Chilled:10,645 tons
    Air-Con&Ambient:4,906 tons
  7. FY2022 turnover: 36,275 thousand ringgit (approx. 1.11 billion yen).

<Reference: NL LITT TATT GROUP>.

[Overview of Litt Tatt Enterprise Sdn.Bhd]

  1. Company name: Litt Tatt Enterprise Sdn.Bhd.
  2. Location: no. 9, Jalan Laksamana 1A/KS7, Taman Sentosa, 41200, Klang, Selangor, MALAYSIA.
  3. Establishment: March 1997.
  4. Capital: 250,000 ringgit (approximately 0.1 billion yen).
  5. Main business: Temperature-controlled Warehouse and Transportation

[Litt Tatt Distribution Sdn.Bhd]

  1. Company name: Litt Tatt Distribution Sdn.Bhd.
  2. Location: no. 9, Jalan Laksamana 1A/KS7, Taman Sentosa, 41200, Klang, Selangor, MALAYSIA.
  3. Establishment: May 1993.
  4. Capital: 250,000 ringgit (approximately 0.1 billion yen).
  5. Main business: Warehouse rental, Leasing and maintenance of vehicle.

Notice of investment in a low-temperature logistics company in Malaysia.
(NL COLD CHAIN NETWORK(M)SDN. BHD.)
https://www.nichirei.co.jp/news/2018/309.html

Notice of investment in a low-temperature logistics company in Malaysia.
(NL LITT TATT GROUP SDN.BHD.)
https://www.nichirei-logi.co.jp/english/news/2022/20220415.html

<Contact information on this matter.
Corporate Planning Department, Nichirei Logistics Group Headquarters, Nichirei Logistics Corporation
Email: N1040X003@nichirei.co.jp