Market Chatter: Singapore Calls For Independent Inquiry into SingPost Firings

MT Newswires

Jan 03, 2025

The Securities Investors Association (Singapore) has called for an independent probe into Singapore Post's (SGX:S08) dismissal of three senior executives over alleged data falsification in its e-commerce logistics unit, The Straits Times reported Thursday.

Group CEO Vincent Phang, CFO Vincent Yik, and international business CEO Li Yu were fired on Dec. 21 following an internal investigation into a whistle-blower report. The executives have denied wrongdoing, claiming unfair dismissal.

The Securities Investors Association President David Gerald said the abrupt firings and conflicting accounts raise critical concerns for shareholders and called for transparency to rebuild trust.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The executives have denied wrongdoing, claiming unfair dismissal.</p><p>The Securities Investors Association President David Gerald said the abrupt firings and conflicting accounts raise critical concerns for shareholders and called for transparency to rebuild trust.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6047","symbol_name":"航空货运与物流","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2500156078","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500156078","pubTimestamp":1735883469,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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