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ALLCARGO LOGISTICS LTD. - Clarification
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05 Jun 2015
With a view to prevent false market rumor and in the interest of all our stakeholders, Allcargo Logistics Ltd has Clarified to BSE as under:&lt;BR&gt;&lt;BR&gt;&quot;we would further like to clarify and reiterate that the Company&apos;s overseas subsidiary Company viz. CCS Shipping Ltd operating in Shanghai has entered into an arrangement with Shenzhen OneTouch Supply Chain Service Co., Ltd (a subsidiary of Alibaba) for providing logistics services in China region and not by Allcargo Logistics Limited, India.&lt;BR&gt;&lt;BR&gt;The aforesaid disclosures / clarifications have been issued by the Company pursuant to the news article published in the Economic Times newspaper on May 27, 2015 and pursuant to the provisions of the Listing Agreement and being the ultimate parent company of its overseas subsidiary company operating in Shanghai.&quot;
View all announcements for ALLCARGO LOGISTICS LTD. Source: BSE India