SingPost injects $8.7m into two Hong Kong logistics companies

Via its subsidiary Quantium Solutions Holdings.

SingPost has snapped up shares in two Hong Kong-based logistics companies for a total consideration of $8.7m.

SingPost's wholly-owned subsidiary Quantium Solutions Holdings (QSH) acquired a 33% stake in Morning Express & Logistics for $7.2m (HK$39.6m). In a separate transaction, it also subscribed to one million new shares in E Link Station for $1.5m (HK$8m).

All of the acquisitions will be funded internally and will not impact the group's results for the current financial year.

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