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
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.'
