Poste Italiane SpA (BIT:PST) signed a binding framework agreement to acquire 51% stake in Sengi Express from Cloud Seven Holding Limited on January 19, 2021. The closing of the transaction is expected by the end of the first quarter of 2021. Junyi Bai, Claudio Segna, Bella Zhu, Calvin Chiu and Enoch Wong of Dentons US LLP acted as legal advisor to Poste Italiane SpA in the transaction.