State owned investment arm Khazanah Nasional Bhd has bought a 6.3 pct stake in Pos Malaysia & Services Holdings Bhd for an undisclosed price, emerging as a new substantial shareholder in the postal company. In a filing to the Exchange, Khazanah said it bought 31.92 mln shares from the open market on June 3. No other details were given.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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