According to Kenanga Investment Bank Research while GDex could be seen as an earnings beneficiary of e-commerce delivery because of its pure-play courier services, entrance of new players coupled with competition from existing established players further intensifies competition within the industry.
KUALA LUMPUR: GD Express Carrier Bhd has aborted a plan to acquire retail postal and business services firm MBE Malaysia.
The company, in a filing with Bursa Malaysia today, said the parties involved had failed to meet certain conditions precedent as at the cut-off date of Apr 30.
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