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SingPost acquires 30% stake in e-commerce firm Hubbed

Australian service aggregator has network of 680 newsagents to provide parcel service delivery

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The partnership with Hubbed means that Australians get another level of flexibility - they can collect their parcels through one of the many newsagents in the Hubbed network.

Singapore

SINGAPORE Post (SingPost) has acquired a 30 per cent stake in Australian e-commerce firm Hubbed Holdings for about A$4.3 million (S$4.45 million).

The investment was made through indirect wholly owned Quantium Solutions (Australia), which acquired 85,715 ordinary shares

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