PETALING JAYA: GD Express Carrier Bhd (GDex) is taking up a 44.5% stake in Indonesia’s PT Satria Antaran Prima Tbk (SAP Express) in a move to tap into the country’s fast-growing express delivery industry.
The group said it was forking out 92.71 billion rupiah (RM25.8mil) cash, together with two of its units – GDex SEA and GD Valueguard – to participate in SAP Express’ initial public offering (IPO).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!