Topic

#GDEX

Every story tagged #GDEX on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

2 stories in this topic

Logistics

Oct 4, 20181 min read

GDEX acquires 44.5% stake in Indonesian courier

GD Express Carrier Bhd (GDEX) and two of its wholly owned subsidiaries have taken up a 44.5% stake in PT Satria Antaran Prima TBK (SAP Express) via an initial public offering (IPO) for IDR92.71 billion (RM25.8 million) or IDR250 per share. SAP Express is…

Logistics

Feb 24, 20161 min read

SingPost GD Express sale to boost eCommerce

Singapore Post (SingPost) has sold off part of its stake in GD Express (GDEX) for S$78.4 million (US$55.88 million) and will use the proceeds to drive global growth for its eCommerce logistics. This is a net gain of S$64 million – about five times return on…