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SingPost Acquires TradeGlobal Holdings For US$168 Million

Shares Investment

Singapore Post (SingPost) has announced the acquisition of TradeGlobal Holdings through its wholly-owned subsidiary, Singapore Post Enterprise, for a consideration of US$168.6 million.

TradeGlobal Holdings is a provider of intergrated eCommerce enablement solutions, including fulfilment, customer care, logistics, web development, software and marketing services for the fashion retail industry. TradeGlobal is headquartered in Cincinnati, Ohio , and maintains fulfilment warehourses in Cincinnati and Shanghai, China.

The acquisition is done through a wholly-owned indirect subsidiary of the group, TG Acquisition Corporation.

The acquisition represents an expansion of the group’s eCommerce and eCommerce logistics businesses which are intergral parts of the group’s key business pillars. It will enable the group to offer an intergrated US and Asia eCommerce logistics solution for both the group’s and TradeGlobal’s customers.



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