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: GD Express Carrier Bhd (GDex) has terminated its agreement to acquire a 100% stake in retail postal firm Mail Box Etc Malaysia (MBE Malaysia) for RM5.5mil due to certain conditions precedent not being met.
First announced on March 1, GDex had plans to grow its company’s customer-to-customer (C2C) segment with this acquisition.
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