SingPost buys New Zealand forwarder to boost regional network
HONG KONG — SingPost has acquired a 90 percent stake in New Zealand forwarder Famous Pacific Shipping as the regional e-commerce logistics specialist expands its Asia-Pacific footprint.The Singapore-based company paid an initial amount of $2.7 million for the stake through its forwarding subsidiary Famous Holdings, and after the net profit…
SingPost buys New Zealand forwarder to boost regional network
Journal of Commerce