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NIPPON EXPRESS CUTS STAKE IN ILL-FATED JAPAN POST JV.

Publication: AsiaPulse News
Publication Date: 26-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Oct 26 Asia Pulse - Nippon Express Co. (TSE:9062) said Friday it lowered its stake in JPExpress Co., its joint venture with Japan Post Service Co., from 34 per cent to 14 per cent.

JPExpress was created to take over the two firms' loss-ridden parcel delivery operations, which...

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