$SATS (S58.SG)$ Sats says its wholly-owned subsidiary, Sats ...
$SATS (S58.SG)$ Sats says its wholly-owned subsidiary, Sats Airport Services, has entered into a share and purchase agreement with Avilog Logistics Services Company (Avilog) for the disposal of 49% of its shares in Sats Saudi Arabia Company. The agreement has a purchase consideration of SAR147 million, or approximately $51.7 million. Through its partnership with Avilog, the group adds that Sats Saudi Arabia will utilise its “local expertise to improve market effectiveness and expand logistics services”. The disposal is expected to accelerate growth, while boosting air cargo and multi-modal operations.
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江南公子 : Today, will it shoot to the moon?
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