Yang Kee Logistics to buy NZ peer Fliway for S$52.1m

Singapore

SINGAPORE'S Yang Kee Logistics has entered into an agreement to purchase New Zealand-listed logistics firm Fliway Group for S$52.1 million.

Under the agreement, Yang Kee will buy all outstanding shares in Fliway for NZ$1.22 per share in cash. Among other things, the scheme is conditional on the approval of Fliway's shareholders and the High Court.