The Business Times
business-time-50
SUBSCRIBERS

NOL jumps on news of APL Logistics' sale

google-preferred-sourceAdd BT as a preferred source
Published Wed, Feb 18, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    NOL

    Singapore

    SHARES of Neptune Orient Lines (NOL) climbed more than 3 per cent on Wednesday on the news that it is selling its logistics business.

    The shipping line had announced after market close on Tuesday that it had agreed to sell APL Logistics for US$1.2 billion to Japanese logistics company Kintetsu World Express (KWE).

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    At MHA, Pang led the ministry’s efforts to deal with security threats such as foreign interference and scams, and its responses in critical and sensitive operations. 

    Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire

    Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

    Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More