Leo Global Logistics Public Company Limited (SET : LEO) announced on Tuesday that Mr. Kettivit Sittisoontornwong, a major shareholder of LEO, sold shares to The Capital Asia Investment Pte Ltd. at 9,000,000 shares, representing 2.81% of total issue shares and warrants to purchase ordinary shares of Leo Global Logistics Public Company Limited No.1 (LEO-W1) at 1,000,000 units.
After the transaction, Mr. Kettivit Sittisoontornwong has 17.89% of shareholding in LEO remaining along with 500,000 warrants.
The main objective of transactions is to cooperate with strategic partners for the expansion of the company’s logistics business and network in the future.
LEO stated that the transaction will not affect the management structure and business policy in any aspects.
