Singapore Post (SG:S08) has released an update.
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Singapore Post Ltd. is set to transform its business landscape with the proposed sale of its Australian unit, Freight Management Holdings Pty Ltd., which has been a major revenue contributor. This move brings strategic uncertainty and a narrower business focus, but is expected to strengthen SingPost’s balance sheet with significant debt repayment and potential for a special dividend. The transaction is anticipated to improve the debt-to-EBITDA ratio, marking a notable financial turnaround for the company.
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