SingPost Seeks Shareholders Approval to Divest Australian Business

MT Newswires

2025/02/26

SingPost (SGX:S08) is seeking approval from its shareholders to divest its Australia business, Freight Management Holdings, at its upcoming extraordinary general meeting on March 13, according to a filing with the Singapore Exchange on Wednesday.

The divestment is expected to unlock a value of AU$1.02 billion and represents a realized gain of around SG$289.5 million.

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