Company Briefs: SingPost

SingPost

SingPost has tied up with online shopping site Qoo10 Singapore to allow its customers to collect their parcels at its POPStations.

POPStation is now a ready delivery option on the Qoo10 platform and sellers can easily offer it as a delivery method.

There are more than 120 POPStations islandwide. SingPost will be expanding the POPStation network to 200 within the next few years.


Neptune Orient Lines

CMA CGM, the world's No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for Singapore's Neptune Orient Lines (NOL), people with knowledge of the matter said.

The French shipping company is in discussions with banks, including BNP Paribas, HSBC and JPMorgan Chase, for loans to back an offer for NOL. Under the takeover code, CMA CGM should demonstrate it has sufficient financial resources before making a definitive bid for NOL, which has a market value of $3.1 billion.

BLOOMBERG


Advance SCT

Advance SCT is terminating its rights-cum-warrants issue.

The company has decided not to proceed with the fund-raiser after taking into consideration the weak and uncertain market conditions associated with the slowdown in the global economy.

Separately, a memorandum of understanding SCT signed with Meike International Assets Management (Beijing) in November last year to form a joint venture company to acquire and operate wastewater treatment facilities in China has lapsed.

A version of this article appeared in the print edition of The Straits Times on December 02, 2015, with the headline 'CompanyBriefs'. Print Edition | Subscribe