GDex buys retail postal firm MBE for RM5.5mil

GDex managing director and group chief executive officer Teong Teck Lean said the deal was a leap forward for the GDex group to venture into the retail delivery network.

PETALING JAYA: Courier company GD Express Carrier Bhd (GDex) is acquiring retail postal and business services firm MBE Malaysia for RM5.5mil.

GDex said its wholly owned subsidiary GD Express Sdn Bhd had entered into a conditional share sale agreement with MBE Business Corp Sdn Bhd and MBE Business Holding Sdn Bhd to acquire a 100% stake in the business.