The Singapore Exchange (SGX) has given its approval in principle for Alibaba to raise its stake in Singapore Post (SingPost). SingPost filed an announcement about the SGX approval yesterday (15 December).
Alibaba will be acquiring about 107.6m new shares in SingPost, which will raise its stake in the postal operator from 10.2% to 14.4%.
The arrangement is reportedly set to be completed by the end of February.
KEBA, headquartered in Linz (Austria) and operating globally, is a leading provider of industrial, handover, and energy automation solutions. With around 2,000 employees, KEBA develops and manufactures innovative systems such as control and drive technology, ATMs, parcel locker and transfer solutions, e-charging stations, and heating […]
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