SingPost Tumbles 4.58%; Singapore Post Subsidiary Completes Takeover of JV Quantium Solutions

MT Newswires

07-24

Singapore Post's subsidiary, SingPost Logistics Enterprise, completed its takeover of Quantium Solutions International from its joint venture partner Alibaba Investment, according to a filing with the Singapore Exchange on Thursday.

A selective reduction exercise by Quantium Solutions rendered all shares of Alibiba Investment in the joint venture cancelled, the filing said.

Quantium has now become a wholly owned subsidiary of the company.

SingPost tumbles 4.58% at 3:46 pm, July 24th.

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