SINGAPORE's global port operator PSA International Pte Ltd, an existing shareholder of CrimsonLogic Pte Ltd, has taken majority control through an additional subscription of shares from state-owned Enterprise Singapore.
PSA now holds 70 per cent of
CrimsonLogic, with Enterprise Singapore Holdings retaining 30 per cent,
whose expertises lies in B2B and B2G digitised cross-border
transactions.
Said PSA chief executive Tan Chong Meng: "We look forward to supporting
CrimsonLogic's new phase of growth as a world-class company at the
forefront of revolutionising next-generation B2B and B2G integrated
trade facilitation platforms."
Said Enterprise Singapore CEO Png Cheong Boon: "We are confident that
with PSA's leadership and global network, CrimsonLogic will be able to
build on its extensive experience and expertise in facilitating trade
and cross-border regulatory transactions."
Said CrimsonLogic chairman Eugene Wong: "After 30 years, CrimsonLogic is
ready to enter the next phase of our transformation since launching the
World's first Single Electronic Window in 1988. We are excited by PSA's
increased commitment to CrimsonLogic."
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