25-12-2024, 10:59 AM
.SingPost Australia
"Those plans also include the proposed sale of SingPost’s Australian freight management business to a private equity firm for A$776 million (S$656 million) in cash, which would substantially improve the company’s financial position and make way for a potential special dividend.
Given that the Australian business is a major contributor to the company’s overall profits, the sale had also raised questions about SingPost’s long-term growth potential – doubts that Phang would have been well placed to address."

"Those plans also include the proposed sale of SingPost’s Australian freight management business to a private equity firm for A$776 million (S$656 million) in cash, which would substantially improve the company’s financial position and make way for a potential special dividend.
Given that the Australian business is a major contributor to the company’s overall profits, the sale had also raised questions about SingPost’s long-term growth potential – doubts that Phang would have been well placed to address."
