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Published Tue, Dec 1, 2020 · 09:50 PM

Singapore Post

THE India unit of Quantium Solutions (QS), the e-commerce logistics business of Singapore Post (SingPost), has been placed under voluntary liquidation, the mainboard-listed firm announced in a Tuesday bourse filing.

The Business Times understands that the 66 per cent indirect subsidiary of SingPost, Quantium Mail Logistics Solutions (India), had been loss-making. Following a 2019 strategic review of QS's operations, a decision was made to shut down the India unit and pivot to other core Asia-Pacific markets.

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