KUALA LUMPUR: Singapore Post Ltd has acquired 56.84 million shares representing''a 22.1% stake in ACE Market-listed GD EXPRESS CARRIER BHD [] for RM45.47 million.
GD Express said on Tuesday, March 15 that it received notification from its substantial shareholders and directors Lau Wing Wat, Kong Hwai Ming, Leong Chee Tong, GD Express Holdings (M) Sdn Bhd and GD Holdings International Ltd that they disposed the 56.84 million shares to Singapore Post.
The company said its board of directors did not foresee any impact on its business, financially and operationally, as a consequence of the change in substantial shareholders.
GD Express shares rose three sen to 85 sen at the mid-day break.
GD Express said on Tuesday, March 15 that it received notification from its substantial shareholders and directors Lau Wing Wat, Kong Hwai Ming, Leong Chee Tong, GD Express Holdings (M) Sdn Bhd and GD Holdings International Ltd that they disposed the 56.84 million shares to Singapore Post.
The company said its board of directors did not foresee any impact on its business, financially and operationally, as a consequence of the change in substantial shareholders.
GD Express shares rose three sen to 85 sen at the mid-day break.
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