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

MT Newswires
24 Jul

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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