Singapore postal purchase Vietnam logistics enterprise 30% equity stake

Recently, Singapore postal $10.8 million acquisition of the Vietnam Indo Trans Logistics Corp (ITL) the equity of 30%, and introduction of electronic commerce web portal Clout Shoppe, prices provide luxury service with benefits.

ITL in 1999 was in Vietnam, mainly for the market to provide the comprehensive logistics solutions, including the air, and the sea, the third party logistics solutions and distribution services, and act as airlines general sales agent. At present, the main city in Vietnam DuoGe ITL has offices.

Singapore post says it has speed up product development step, transformation and enterprise actively seeking outside the mail business growth. The company is hoping to expand overseas income, further balance product mix, in order to improve the mail to the company the contribution of business income. At present, the company business increase of the main power in the logistics and electronic business field.

At the same time, Singapore for luxury fans to establish postal luxury platform, shoppers to getting preferential price to buy the most fashionable brand goods company. In February 2011, the company SuperToken acquired 95% stake, and will SuperToken Clout to fight a luxury Shoppe, net buys platform, customers can buy new without pay for expensive luxury.

The main idea is that Clout Shoppe exclusive sales of rare commodity or in Singapore cannot buy the goods to the "brand, within the system." subscribe Members can in three or four days in preferential price to buy to top international designer brands, members dues, without registration is very simple also.

As part of the growth strategy, Singapore post in the past few years have DuoCi purchase on a large scale, in order to enlarge source of income, expanding abroad, including crown court international logistics company (Quantium store) and data postal private limited company (DataPost the Pte king-cord Co., the former business throughout Asia) 10 countries, the latter in five national development business. Singapore post bought Malaysia GD express is 27.08% of the shares, as well as the post office and logistics enterprise to provide professional technical solutions of American Postea 30% of the shares.