APLL to buy out Chinese partners

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 ... [+]

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