Freight Links

Freight Links: Group expands the scope of its logistics business by entering the commodity logistics segment, with a coal logistics agreement with Chongqing Heijin Industrial (a subsidiary of Blackgold International Holdings Limited) to supply 3m tons of coal to Shanghai Time Shipping. Shanghai Time Shipping Co. Ltd. was jointly founded in 2001 by China Huaneng Group Corporation and China Shipping Company. In line with the expansion, a wholly-owned subsidiary of the group- Singapore Enterprises, has entered into a 51% JV with Blackgold Holdings Hong Kong, to form Blackgold Megatrade, to manage storage, terminal handling and trade facilitation. The JV will initially manage and facilitate the coal trade flows within the Asia region. The new JV is well position to leverage on the strengths of Freight Links as an integrated logistics solutions provider and Blackgold’s intimate knowledge as a coal producer & trader. Based on the last closing price of $0.094, Freight Links trades at 5.5x trailing P/E and 1.1x P/B.