Jan 12, 2009
GD Express Carrier Bhd (GDEX) announced today that the company signed a memorandum of understanding (MOU) with Entreprise Des Postes Lao (EPL) yesterday for a feasibility study on express delivery services in Laos.
In a statement to Bursa Malaysia, GDEX said the study, among others, would include the operation mode, system and procedures adopted by EPL to enter into a strategic partnership relationship to develop international and domestic express delivery services under shared brands for the Laos market.
EPL, which is Laos' official provider of postal services, is a state-owned enterprise that operates under the National Authority of Post and Telecommunication.
Subject to the relevant approval being obtained, both parties will set up a joint venture company in Laos to undertake the partnership project.