Universal Network Systems Limited (UNSL), widely known as BluEX, has received an enticing offer from an undisclosed fintech company, expressing interest in acquiring a significant 20% stake. However, the name of the fintech firm behind the proposal has not been revealed yet. The next course of action involves the fintech company conducting an in-depth investigation of Universal Network Systems in line with its strategic plan.
If the due diligence process proves successful, the management of Universal Network Systems will promptly inform its shareholders about the exciting developments. Operating actively in Pakistan since 2005, the company shifted its focus to e-commerce logistics in 2011, achieving a milestone as it executed the first Cash-On-Delivery (COD) shipment in the country, operating under the brand name BluEX.
BluEX has emerged as a prominent player in the e-commerce logistics sector, offering comprehensive services across the entire e-commerce value chain. It has earned the distinction of being Pakistan’s first fully integrated standalone e-commerce logistics provider. The company boasts an extensive network spanning 400 towns and localities nationwide, which has significantly contributed to its impressive growth, including its listing on the Pakistan Stock Exchange.
