SingPost in exclusive talks for a possible sale of its Australia business Singapore News

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Singapore Post said that it is in “exclusive discussions” with a possible buyer for its Australian business as part of a review of its operations that began in June.

According to Singapore Business Review, on June 21, SingPost brought in Lynch Markets Australia Pty Limited as a financial advisor to help the Board evaluate different options for its Australian operations.According to analysts, selling some of SingPost’s Australia-based subsidiaries, along with divesting SingPost Centre and other properties, could raise significant funds that might be used to reduce the company’s debt.

Romanian court orders removal of evidence in Andrew Tate’s human trafficking caseSUV rams into students and pedestrians outside primary school in China, sparking concern over rising violenceMarina Alex announces retirement after over ten years on the LPGA TourBridesmaid says the newlyweds “took back all gate crash red packets and made all bridesmaids pay for their own dresses”“Family By Choice” interview with Hwang In Youp, Jung Chaeyeon, and Bae Hyeon as they engage in banter akin to real-life...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stocks declined on Tuesday’s open—STI dropped 0.3% Singapore News%
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore stocks rose on Friday’s open—STI gained 0.3% Singapore News%
Source: IndependentSG - 🏆 2. / 72 Read more »