logistics

SIG Asia, YI Capital lead $50m round in China’s Shansong Express

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Shansong Express is an inner-city logistics startup in Beijing.

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Photo from Ezyhaul Facebook page.
Singapore: Ezyhaul closes $836,120 in seed funding

Singapore-based Ezyhaul, a logistics technology startup which also maintains business operations in Malaysia, has closed a S$1.2 million ($836,120) seed investment from a group of undisclosed players in the logistics industry.

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India: KTC Group to offload stake in logistics business

Kerala Transport Co. (KTC) Group plans to raise about Rs100-150 crore by selling a minority stake in its logistics division, according to two people aware of the development. The group has appointed a Chennai-based investment bank to find a buyer, one of the two people cited above said on condition… Read more »

The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst
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Malaysia: MMC Corp to acquire 49% in Penang Port

MMC Corporation Bhd has entered an agreement to purchase a major minority stake of 49 per cent in Malaysia’s oldest port operator Penang Port for RM200 million, from Seaport Terminal (Johore) Sdn Bhd.

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