Business, Freight News, Logistics

APLL to buy out Chinese partners

[ October 8, 2012   //   ]

APL Logistics has signed an agreement with Legend Holdings and Beijing Willway Information Technology to acquire all their shares in APLL-Zhiqin Group, a Chinese joint venture partnership among the three parties. The transaction, expected to close by end of the year, will accelerate Singapore-based APL Logistics’ plans to expand its logistics hub management and domestic distribution in China.

APLL-Zhiqin offers services in logistics hub management, domestic land transportation, supply chain technology services, customs brokerage, import and export management, and supply chain consulting and has nearly 1,000 employees. It manages hub facilities in more than 20 locations and a broad transportation and distribution network covering over 2,000 locations in China, including third and fourth tier cities.

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