SingPost (SGX:S08) responded to an article published by The Straits Times which referred to the company's plans of selling certain assets, according to a filing with the Singapore Exchange on Monday.
Responding to the article titled, ""SingPost can potentially offer a 'significant' special dividend after sales of assets: Maybank" date Jan. 3, 2025, SingPost responded to a potential sale of Famous Holdings which could raise proceeds between SG$80 million and SG$100 million.
The company reaffirmed its strategy to monetize non-core assets to recycle capital, to reduce debt, support investments and return value to shareholders.
The company confirmed the proposed sale of SingPost Australia Investments which is subject to shareholder approval at the upcoming EGM in February.
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.