Singapore Post buys more of GDex

KUALA LUMPUR: Singapore Post Ltd has acquired an additional two million shares in the capital of GD Express Carrier Bhd (GDex), a company listed on the ACE Market of Bursa Malaysia. The shares were bought from GDex chairman Datuk Ahmad Sufian @ Qurnian Abdul Rashid and Essem Capital Sdn Bhd for RM2.8 million. Following this, Singapore Post's shareholding in GDex increased to to 27.41 per cent from 27.08 per cent.