BEIJING, May 11 (Xinhua) -- Bondex Supply Chain Management Co., Ltd. (603836.SH) announced on Tuesday that its wholly-owned subsidiary Bondex (Hong Kong) International Logistics Co. plans to acquire a 75-percent stake in HapTrans Holdings Ltd., a Canada-based international freight forwarding agent, for 27.75 million Canadian dollars.
According to Bondex, the acquisition will further improve the company's business chain, and enable it quickly enter the Canadian market.
Meanwhile, the company will rely on HapTrans's high-quality logistics resources in North America to realize a connection with domestic import and export business, so as to expand the company's North American market share.(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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