[The Edge Markets] – POS Malaysia Bhd is selling 51% of its air cargo business in East Malaysia to Asia Cargo Network Sdn Bhd (ACN) for RM40 million cash. In a bourse filing, Pos Malaysia announced that its wholly-owned unit Pos Aviation Sdn Bhd entered into a share subscription agreement (SSA) and shareholders agreement (SHA) […]
Established in 1970 as a regional logistics pioneer in Southeast Asia, Asia Cargo Network is now the leading air cargo airline operator in the region with a growing presence in Singapore, Indonesia, Malaysia, the Middle East, and the United Kingdom.
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