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| Staff Reporter, Singapore
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SingPost raises stake in Malaysian BPO company

It has acquired 35 million ordinary shares in Efficient, upping its stake to 20.12%.

Efficient E-Solutions Berhad is now an indirect associated company following the acquisition. It engages primarily in the provision of integrated business process outsourcing solutions in data and document processing covering data extraction, conversion, formatting of documents, data printing and preparation of printed documents for distribution.

The company also offers electronic bill presentment services ranging from electronic bill presentment subscription services to data extraction, creation, delivery via electronic media such as the web, email and SMS, and audit reporting complete with automated error resolutions.

SingPost’s Chief Executive Officer for Postal & Corporate Services, Mr Ng Hin Lee, said this investment in Efficient fits into their long-term plan to expand SingPost’s data printing business in the region.

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