SingPost injects $8.7m into two Hong Kong logistics companies
Via its subsidiary Quantium Solutions Holdings.
SingPost has snapped up shares in two Hong Kong-based logistics companies for a total consideration of $8.7m.
SingPost's wholly-owned subsidiary Quantium Solutions Holdings (QSH) acquired a 33% stake in Morning Express & Logistics for $7.2m (HK$39.6m). In a separate transaction, it also subscribed to one million new shares in E Link Station for $1.5m (HK$8m).
All of the acquisitions will be funded internally and will not impact the group's results for the current financial year.