SingPost acquires General Storage

The acquisition is worth S$37m.

Singapore Post Limited announced that it has completed the purchase on 29 January 2013.

It acquired 100% stake in General Storage Company Pte. Ltd. from Asia Pacific Storage Company Limited.

General Storage operates a self-storage business in Singapore, under the Lock+Store brand, with facilities located in Tanjong Pagar and Chai Chee.

SingPost Storage now holds the entire issued and paid-up share capital of General Storage. SingPost Storage is a wholly-owned subsidiary of SingPost Investments.

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