Toll Global Forwarding, Paul Coutts, has been appointed to the position of Group CEO of Singapore Post (SingPost) and also as a non-independent Director member of its Board, effective 1 June 2017. Coutts takes over from Wolfgang Baier who submitted his surprise resignation in early December 2016. In a statement, the chairman of SingPost, Simon Israel, said: “The SingPost Board is delighted to announce Paul's appointment as Group CEO. Given his seniority and the experience he brings from an … [Read more...] about Toll’s Paul Coutts to head Singapore Post
Singapore Post
SingPost opens state-of-the-art e-commerce logistics hub
Singapore Post (SingPost) officially launched its new S$182 million (US$131 million) Regional eCommerce Logistics Hub today, located at the Tampines Logistics Park in Singapore. The three-story building will cover more than 51,097 sqm and will contain two warehousing floors, 150 simultaneous loading bays and a SingPost office block. The ground floor will be home to a fully automated parcel sorter, capable of handling up to 100,000 parcels a day. The second floor warehouse has also been … [Read more...] about SingPost opens state-of-the-art e-commerce logistics hub
SingPost ups stake in Shenzhen e-commerce company
Singapore Post Limited (SingPost) has purchased an additional 17.91 per cent of the equity in eCommerce cross-border solutions provider, Shenzhen 4PX Information Technology Co. Ltd (4PX). The deal worth RMB163.16 million (US$25 million) will see SingPost, through its wholly-owned subsidiary Quantium Solutions International (QSI), increase its equity interest in 4PX from 18 per cent to 35.91 per cent. Headquartered in southern China’s Pear River Delta region, 4PX is one of China’s top … [Read more...] about SingPost ups stake in Shenzhen e-commerce company
SingPost, Alibaba expand e-commerce logistics coop
Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading e-commerce logistics platform to service the rapidly growing e-commerce businesses across Asia Pacific and beyond. Lim Ho … [Read more...] about SingPost, Alibaba expand e-commerce logistics coop
SingPost divests 90% stake in DataPost
Singapore Post (SingPost) has entered into a sale and purchase agreement with Jing King Tech Solutions to dispose its 90 per cent stake in DataPost for approximately S$39.3 million (approx. US$29.5 million). This is on the back of another divestment that SingPost made in May of its whole stake in Novation Solutions and DataPost Hong Kong for S$24.4 million. The company says that it is selling off stakes in the more traditional forms of the postal service business to support the … [Read more...] about SingPost divests 90% stake in DataPost
SingPost divests 90% stake in DataPost
Singapore Post (SingPost) has entered into a sale and purchase agreement with Jing King Tech Solutions to dispose its 90 per cent stake in DataPost for approximately S$39.3 million (approx. US$29.5 million). This is on the back of another divestment that SingPost made in May of its whole stake in Novation Solutions and DataPost Hong Kong for S$24.4 million. The company says that it is selling off stakes in the more traditional forms of the postal service business to support the … [Read more...] about SingPost divests 90% stake in DataPost