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.
PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]
Find out moreWant to get your brand in front of our senior audience of post and parcel executives?
Find out more
The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.
