Under the various agreements entered into between 4PX and Cainiao, the former will issue new shares in its capital to Cainiao. This is for the full and final settlement of all outstanding amounts under an existing RMB400 million ($78.6 million) loan extended by Cainiao to 4PX in 2018.
Singapore Post’s (SingPost) associate, Shenzhen 4PX Information and Technology Co., Limited, (4PX) announced that it entered into various agreements with its existing shareholder, Zhejiang Cainiao Supply Chain Management Co., Limited (Cainiao) on Jan 19.
SingPost’s 19.75% stake in 4PX is held by its subsidiary, Quantium Solutions International Pte. Ltd (QSI).
