Pos Logistics sets Feb 25 deadline for SWA Shipping to fulfil deal obligations


KUALA LUMPUR: SWA Shipping Sdn Bhd is facing a deadline of February 25, as Pos Logistics Bhd is considering terminating the RM123.21 million deal for the acquisition of PNSL Bhd.

The deadline marks the point at which SWA Shipping has failed to meet its obligations under the sales and purchase agreement (SPA), said Pos Malaysia Bhd in a filing with Bursa Malaysia today.

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