Singapore-based e-trade solutions provider vCargo Cloud Pte. Ltd (VCC) has announced that it will acquire 60 per cent stake in Indonesian integrated logistics player PT Gatotkaca Trans Systemindo (GTS), to expand its global network.
VCC said, in an official release, it will pay $850,000 to GTS for 60% of the company’s enlarged share capital, as well as extend a $545,000 loan to the company.
