Pos Logistics Berhad’s disposal of its subsidiary

We are proud to share that we acted for Pos Logistics Berhad, a wholly-owned subsidiary of Pos Aviation Sdn Bhd, which in turn is a wholly-owned subsidiary of Pos Malaysia Berhad, in the disposal of its wholly-owned subsidiary, PNSL Berhad, to SWA Shipping Sdn Bhd for RM123.21 million. The parties entered into a conditional Share Sale and Purchase Agreement on 21 May 2024.  We will continue to support our client in moving towards completion of the transaction.

The transaction was led by Partner Chong Kok Seng, assisted by Partner Cheong Chun Yong and Associate Nor Aina Tsuraiya.

More information can be found at https://theedgemalaysia.com/node/712498

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