Singapore Post has announced that its wholly owned subsidiary, Singpost Investments, has entered into a sale and purchase agreement (SPA) to dispose of General Storage Company (GSC) for $85.1 million with Triforce Investments.

Triforce is a subsidiary of Tokyo listed Mitsuuroko Group Holdings, based in Japan. 

GSC and its subsidiaries are mainly involved in the business of providing warehousing, storage, and logistics services.

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