newstodate.aero
Dec 6, 2005 (newstodate): TNT announced today it is in the process of acquiring China's leading freight and parcels transportation operator, Hoau Logistics Group, based in Heilongjiang.
Based on a Letter of Intent, the deal is expected to be completed in the course of next year.
Through this acquisition, TNT will become the largest privately owned transportation network for freight and parcels in China. TNT already operates the largest distribution infrastructure in China with 140 operating facilities, covering 2.4 million square metres of warehouse space across 600 cities.
Based on a Letter of Intent, the deal is expected to be completed in the course of next year.
Through this acquisition, TNT will become the largest privately owned transportation network for freight and parcels in China. TNT already operates the largest distribution infrastructure in China with 140 operating facilities, covering 2.4 million square metres of warehouse space across 600 cities.