Sino Logistics Corporation Public Company Limited (SET: SINO) has informed the Stock Exchange of Thailand that on 17 February 2025, Board of Directors of SNC Cargo Services Company Limited (SNC) (the Company’s subsidiary) approved the 100% share acquisition of A.S. Logistics Company Limited (ASL) by SNC.
On 11 September 2025, the execution of the share transfer, including the settlement of payment, was completed with the total purchased value of THB 35 million. As a result, after the acquisition, SNC holds 100% shareholding of the registered capital in ASL.
The objective for the investment is to align with SNC strategy in expanding air freight services, SNC’s core business is emphasized on providing air freight forwarding services, with plans to further enhance its capabilities by becoming a General Sales Agent (GSA) for various airlines in the future.
This investment will allow SNC to expand its range of services and strengthen its air freight capacity by securing direct stock with airlines. SNC will reinforce its competitiveness, achieve cost efficiencies, create synergies, and deliver greater value to its customers.
