GD EXPRESS TAKES 30% STAKE IN PENANG-BASED SOFTWARE FIRM
PETALING JAYA: GD Express Carrier Bhd is buying a 30% stake in Web Bytes Sdn Bhd for RM5.5 million.GD Express entered into a share purchase agreement with Teak Ventures Sdn Bhd for the acquisition. Web Bytes, a Penang-based software solution development company, specialises in the provision of retail management solution on the cloud to retail enterprises. Its product is delivered under the flagship product brand called Xilnex. GD Express and Web Bytes will explore synergies, including co-developing solutions.