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SingPost says 'no certainty' over sale of assets
January 07, 2025
|The Straits Times
While Singapore Post has been in discussions with various parties for the sale of its assets, there is no certainty that any transaction will arise, the company said on Jan 6 before the stock market opened.
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"In particular, no definitive or binding agreement in relation to the sale of Famous Holdings has been entered into at this time," said SingPost, clarifying a media report published on Jan 3.
In the report, Maybank Securities had said that the national postal service provider could offer a potentially "significant" special dividend after it completes its planned sale of two business units.
The research house was referring to SingPost's proposed divestment of its Australian logistics business Freight Management Holdings and its potential sale of freight forwarding business Famous Holdings.
Maybank said the sale of Famous Holdings should conclude by the end of January 2025, which should raise between $80 million and $100 million in proceeds.
هذه القصة من طبعة January 07, 2025 من The Straits Times.
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