SingPost to seek shareholder approval for sale of Australia business

Quick Summary:

SingPost's board has said the group must reset its strategy given the "materiality of the sale" of its Australia business.

SINGAPORE: Singapore Post will move forward with the sale of its Australia business by holding an extraordinary general meeting on Mar 13 to seek shareholders' approval for the divestment.

The proposed divestment continues amid SingPost's recent sacking of three senior executives over their alleged mishandling of a whistleblower's report related to its international business.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaIsrael

Topics: Australia Group Singapore Proposed Sale Singpost Value Million Company Business Board

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 07:58:29 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26446783

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 56 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 56 minutes ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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