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TRANSPORT & LOGISTICS | Staff Reporter, Singapore
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SingPost to collaborate with Malaysian firm

It has also acquired 50 million ordinary shares in Efficient, a provider of integrated outsourcing solutions in data and document processing.

SingPost reported that pursuant to an MOU it has entered into with Efficient, it is contemplated that the two companies (i) will jointly invest in setting up of data and document management business operations in Indonesia; (ii) will jointly identify business opportunities relating to data and document management in such countries as may be mutually agreed in writing between parties; and (iii) may mutually agree to engage in discussions and negotiations with other potential investors and/ or business partners in relation to the Proposed Collaboration.

The company now holds an aggregate of 71,241,800 ordinary shares, representing approximately 10.06% of the enlarged total number of issued shares in Efficient.

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