Maleka, Inc. cancelled the acquisition of 86% stake in Diez Equiz Pte Ltd. from LBC Express Holdings, Inc..
April 04, 2019
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Maleka, Inc. agreed to acquire 86% stake in Diez Equiz Pte Ltd. from LBC Express Holdings, Inc. (PSE:LBC) on April 5, 2018. Maleka, Inc. will acquire the shares at $1 per share. The Board of Directors of LBC Express Holdings, Inc. approved the transaction on April 5, 2018.
Maleka, Inc. cancelled the acquisition of 86% stake in Diez Equiz Pte Ltd. from LBC Express Holdings, Inc. (PSE:LBC) on April 5, 2019.
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. 
