LBC Express Holdings, Inc. completed the acquisition of LBC Australia PTY Limited/ LBC Money Transfer PTY/ LBC Express Airfreight (S)/ LBC Aircargo (S) from Jamal Limited.
December 30, 2018
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LBC Express Holdings, Inc. (PSE:LBC) agreed to acquire LBC Australia PTY Limited/ LBC Money Transfer PTY/ LBC Express Airfreight (S)/ LBC Aircargo (S) from Jamal Limited for $4.6 million on June 27, 2018. LBC Express Holdings, Inc. agreed to acquire 10 shares of LBC Money Transfer PYT Limited for $19453.5 per share, the consideration of $0.19 million to be paid in cash. LBC Express Holdings, Inc. agreed to acquire 0.22 million shares of LBC Australia PTY Limited for $8.3 per share, the consideration of $1.8 million to be paid in cash. LBC Express Holdings, Inc. agreed to acquire 0.01 million shares of LBC Express Airfreight (S) PTE. LTD. for $241.5 per share, the consideration of $2.4 million to be paid in cash. LBC Express Holdings, Inc. agreed to acquire 0.09 million shares of LBC Aircargo (S) PTE. LTD. for $1.5 per share, the consideration of $0.15 million to be paid in cash. The transaction has been approved by the board of LBC Express Holdings, Inc. (PSE:LBC).
LBC Express Holdings, Inc. (PSE:LBC) completed the acquisition of LBC Australia PTY Limited/ LBC Money Transfer PTY/ LBC Express Airfreight (S)/ LBC Aircargo (S) from Jamal Limited on December 31, 2018.
LBC Express Holdings, Inc. is a Philippines-based holding company. The Company is engaged in retail and corporate courier and cargo, money remittance, and logistics services. Its segments include logistics and money transfer services. The main services offered under its logistics business are domestic and international courier and freight forwarding services (by way of air, sea, and ground transport). Its logistics products are geared toward both retail and corporate clients. The money transfer services segment consists of remittance services (including branch retail services, prepaid remittance cards and online and mobile remit) and bill payment collection and corporate remittance payout services. The money transfer services segment includes an international presence through its branches, which comprises international inbound remittance services. The Company has a network of over 6,400 branches, hubs and warehouses, partners, and agents in approximately 30 countries.
LBC Express Holdings, Inc. completed the acquisition of LBC Australia PTY Limited/ LBC Money Transfer PTY/ LBC Express Airfreight (S)/ LBC Aircargo (S) from Jamal Limited.
LBC EXPRESS HOLDINGS, INC. 
