SingPost CEO: The strategic acquisition of FMH is a key move
Singapore Post Limited has announced the acceleration of its acquisition of a further stake in 51%-owned subsidiary Freight Management Holdings Pty Ltd. Through its wholly owned subsidiary, SingPost Australia Investments Pty Ltd, SingPost will be acquiring an additional 37% interest in FMH, increasing its total stake to 88% upon completion of the transaction.
Source: postandparcel.info