Proceeds will strengthen SingPost’s cash position. Singapore Post Limited (SingPost) has completed the sale of its entire freight forwarding business for $177.9m, as part of its strategy to divest non ...
It now holds no interest in 4PX. SingPost has completed the sale of its 17.61% stake in Shenzhen 4PX Information and Technology to Cainiao, a logistics arm of Alibaba, for $97.5m (RMB515.3m) in cash.
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