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Singapore Post ( (SG:S08) ) has provided an update.
Singapore Post Limited is considering the sale of its freight forwarding business, Famous Holdings, as part of its strategy to monetize non-core assets and recycle capital. The potential sale, which could yield between $80 million and $100 million, is aimed at reducing debt, supporting growth investments, and returning value to shareholders. SingPost is also planning to sell its subsidiary, SingPost Australia Investments Pty Ltd, pending shareholder approval. However, it is uncertain if these transactions will be completed, as no binding agreements have been signed yet.
More about Singapore Post
Singapore Post Limited (SingPost) operates in the logistics and postal services industry, providing freight forwarding and postal services. The company focuses on optimizing its asset portfolio by monetizing non-core assets to enhance shareholder value, reduce debt, and support growth investments.
YTD Price Performance: 3.33%
Average Trading Volume: 2,100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $911.1M
Find detailed analytics on S08 stock on TipRanks’ Stock Analysis page.
