LEGION CONSO (02129) collectively invested 1.74 million Singapore Dollars in the acquisition of container truck heads.
LEGION CONSO(02129) announced that on June 18, 2025 and September...
LEGION CONSO(02129) announced that on June 18, 2025, and on September 17, 2025 (after trading hours), the buyer (a wholly-owned subsidiary of the company, Rejoice Container Services (Pte) Ltd) entered into (i) Sale and Purchase Agreement I to acquire Container Truck I for a consideration of 1.16 million Singapore dollars (excluding goods and services tax); and (ii) Sale and Purchase Agreement II to acquire Container Truck II for a consideration of 0.58 million Singapore dollars (excluding goods and services tax).
Currently, the group owns a strong fleet of 57 container trucks, 492 trailers, and 23 flatbed trucks, as well as six frontal cranes, two kalmars, and three forklifts. Additionally, the group operates three logistics yards and three warehouses with a total area of approximately 48,980 square meters and 32,343 square meters, respectively. These facilities provide crucial outdoor storage services and are an integral part of the group's comprehensive logistics and transportation services.
To meet the anticipated growth in service demand and enhance fleet capacity, the group has entered into these sale and purchase agreements to acquire more container trucks. This investment is expected to strengthen the group's logistics infrastructure, improve service delivery capabilities, and support the expansion of long-term business operations.
The expanded fleet will allow the group to manage larger freight volumes more flexibly, reduce reliance on third-party transport providers, and provide reliable deliveries. It will also facilitate more fleet rotations and maintenance plans, minimizing downtime and optimizing asset utilization. Overall, this acquisition will enhance the group's competitive advantage and operational flexibility in the ever-changing and evolving logistics environment.
Related Articles

US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rises 2% and establishes a new artificial intelligence department.

US Stock Market Move | Most new energy vehicle stocks are on the rise, with Lucid Group (LCID.US) up more than 8%.

Meta's annual Connect conference will release AI smart glasses. Zuckerberg is betting big on the smart hardware track.
US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rises 2% and establishes a new artificial intelligence department.

US Stock Market Move | Most new energy vehicle stocks are on the rise, with Lucid Group (LCID.US) up more than 8%.

Meta's annual Connect conference will release AI smart glasses. Zuckerberg is betting big on the smart hardware track.
