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Singapore Post Ltd announces incorporation of subsidiary

Friday, 21 Feb 2014 04:29am EST 

Singapore Post Ltd:Says incorporation of SP eCommerce (Thailand) Co., Ltd. (SPTH) in Thailand.Says principal activity of SPTH is that providing ecommerce services.Says issued and paid-up capital of SPTH is S$77,850 divided into 200,000 ordinary shares of THB10 each.Says SingPost eCommerce Pte. Ltd., a wholly-owned subsidiary of the company, holds 199,997 ordinary shares in SPTH.Says incorporation was funded through the company‚Äôs internal resources.