Singapore Post has acquired two Hong Kong based companies as part of its ongoing strategy to extend its regional footprint through M&As and partnerships. This marks the latest in a series moves the SGX-listed company has undertaken to invest in e-commerce and digital businesses in order to sustain its business, and avoid the fate of traditional postal companies across the region that are fighting for survival.
Singapore Post, or SingPost as it is popularly known, said it has subscribed to one million new shares in Hong Kong’s E Link Station for HK $8 million, representing 50 per cent of the issued shares
