Air Freight & Courier Services

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Singapore Post Ltd 's indirect subsidiary announces completion of acquisition of Couriers Please Holdings Pty Limited

Monday, 15 Dec 2014 04:40am EST

Singapore Post Ltd:Refers to the announcement made on Dec. 03, in relation to the sale and purchase agreement between it's indirect subsidiary, Quantium Solutions (Australia) Pty Ltd (the Purchaser), New Zealand Post Holdings Ltd and New Zealand Post Ltd (NZP Holdings and NZPL collectively, the Sellers).Says pursuant to which the Purchaser has agreed to purchase from the sellers Couriers Please Holdings Pty Ltd, comprising 64,500,000 issued and paid-up ordinary shares owned by NZP Holdings and 44,706,231 issued non-voting redeemable preference shares owned by NZPL.Says the completion of the acquisition took place on Dec. 15.Says following the completion, the purchaser holds the entire issued and paid up share capital of CP Holdings and CP Holdings has become an indirect wholly-owned subsidiary of the company.

Y.U.D. yangtze River Investment Industry announces capital injection in Shanghai-based engineering management company

Friday, 12 Dec 2014 07:00pm EST

Y.U.D. yangtze River Investment Industry Co Ltd:To invest 100 mln yuan into Shanghai-based engineering management company to hold 80 pct stake up from 0 pct stake.The target company is engaged in investment management, engineering project management and engineering technical advisory business.

Freightways Ltd's The Information Management Group Pty Ltd acquires LitSupport Pty Ltd

Wednesday, 3 Dec 2014 02:09pm EST

Freightways Ltd:Extends its presence in Australian information management market with purchase of LitSupport Pty Ltd, which provides electronic and physical evidence management services to legal industry from network of offices in major Australian capital cities of Sydney, Melbourne, Brisbane and Perth.LitSupport has been acquired by Freightways' wholly owned subsidiary The Information Management Group Pty Ltd (TIMG).Acquisition is effective immediately.Purchase price for LitSupport includes an initial payment of A$17.1 million and potential earnout payment of up to A$12.9 million based on its FY 2017 financial performance.

Singapore Post Ltd announces acquisition of Couriers Please Holdings Pty Limited

Tuesday, 2 Dec 2014 06:46pm EST

Singapore Post Ltd:Announces that its indirectly wholly-owned subsidiary, Quantium Solutions (Australia) Pty Ltd, has entered into a sale and purchase agreement with New Zealand Post Holdings Limited and New Zealand Post Limited.Says pursuant to the agreement, the purchaser has agreed to purchase from the sellers the entire issued and paid-up share capital of Couriers Please Holdings Pty Limited.Says the CP Holdings group comprises Couriers Please Australia Pty Limited, a wholly-owned subsidiary of CP Holdings and Couriers Please Pty Ltd, a wholly-owned subsidiary of CP Australia.Says the completion of the Acquisition will take place by Dec. 15.Says upon completion, CP Holdings will become a wholly-owned subsidiary of the company.Says the aggregate consideration for the acquisition is AUD 95 million (equivalent to about S$105 million ) on a cash free, debt free basis.

bpost NV expected to submit binding bid in Compania Nationala Posta Romana SA privatization in Jan. 2015-Mediafax News Brief Service

Monday, 24 Nov 2014 07:00pm EST

Compania Nationala Posta Romana SA:Belgian bpost NV is expected to submit a binding bid for a 51 percent stake in Compania Nationala Posta Romana SA in Jan. 2015, Minster for Information Society Razvan Cotovelea said on Nov. 24-Mediafax News Brief Service.The minister had previously anticipated that bpost BV's bid might be submitted in March-April 2015.At the end of Sep., bpost NV was the sole bidder for a 51 percent stake Romania was seeking to sell in its Compania Nationala Posta Romana SA.Romania tried to privatize its loss-incurring Compania Nationala Posta Romana SA in 2014 but failed as no interested parties submitted any bids.In Sep., the government approved a plan to convert Compania Nationala Posta Romana SA's debt to the state into shares before putting it up for privatization again.The Belgian investor's bid will trigger the debt conversion operation.

Santova Ltd announces strategic acquisition of Masterfreight Internationale Spedition GmbH

Thursday, 13 Nov 2014 12:45am EST

Santova Ltd:Has acquired 100 pct of share capital in Masterfreight Internationale Spedition GmbH, Germany.Says total maximum purchase consideration for Masterfreight may be up to 4.7 mln Rand depending on achievement of future profit warranties, which is less than 5 pct of company's market capitalisation and is thus neither category 1 or 2 transaction in terms of jse listings requirements.

Sinotrans Ltd's subsidiary enters into transfer agreement

Thursday, 6 Nov 2014 03:21am EST

Sinotrans Ltd:Says Sinotrans (HK) Logistics, subsidiary entered into equity transfer agreement with Logistics Investment and Loyal Creation.Pursuant to which Sinotrans (HK) Logistics agreed to acquire target shares from Loyal Creation at an aggregate consideration of $14,120,000 ( (equivalent to HK$109,430,000).Upon completion of acquisition,SC (Hong Kong) Logistics Investment Ltd (target co.) will become directly wholly-owned subsidiary of Sinotrans (HK) Logistics.Target company, through Guangzhou Logistics, is legal and beneficial owner of Guangzhou Project Land.

TASCO Berhad announces acquisition OF 100.0 pct equity interest of Titian Pelangi Sdn. Bhd

Wednesday, 5 Nov 2014 07:00pm EST

TASCO Berhad:Announces that the company has completed the acquisition of 100 pct equity of Titian Pelangi Sdn. Bhd.Says with the completion of the acquisition, Titian Pelangi Sdn. Bhd. is now a 100 pct owned subsidiary of TASCO.

Forward Air announces acquisition of Multi-Modal

Monday, 3 Nov 2014 02:40pm EST

Forward Air Corp:Says its subsidiary, Central States Trucking Co has purchased substantially all of the assets of Multi-Modal Trucking, Inc. and Multi-Modal Services, Inc.Purchase price was $5.75 mln, plus an earn-out capped at $1 mln.Transaction was funded by Forward Air's cash reserves.

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