Acquisition done
By Winny Wang |
August 17, 2010, Tuesday
|
Print Edition
Print Edition
TOLL Group yesterday said it has completed the acquisition of its Chinese joint venture ST-Anda to launch its own brand in the Chinese market.
The Australia-based logistics service provider acquired a 49 percent stake in ST-Anda to increase its ownership in the company to 100 percent, Toll said yesterday without revealing the size of the investment.
Since 1996 Toll has operated in China through ST-Anda.
The Australia-based logistics service provider acquired a 49 percent stake in ST-Anda to increase its ownership in the company to 100 percent, Toll said yesterday without revealing the size of the investment.
Since 1996 Toll has operated in China through ST-Anda.
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