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- Australia business to be acquired by Pacific Equity Partners for A$775.9 million in cash
- Gain on disposal of approximately S$312.1 million
- Crystallises and unlocks value for shareholders
SINGAPORE, Dec. 2, 2024 /PRNewswire/ -- Singapore Post Limited ("SingPost") today announced that it has entered into a sale and purchase agreement with Pacific Equity Partners ("PEP") for the sale of its Australia business, Freight Management Holdings Pty Ltd ("FMH").
SINGAPORE, Sept. 12, 2024 /PRNewswire/ -- Singapore Post Limited (SingPost) a leading postal and eCommerce logistics provider in Asia Pacific, and Cainiao, a global leader in e-commerce logistics, have signed a Memorandum of Understanding (MOU) to explore strategic collaborations aimed at fostering the long-term growth of Singapore's cargo and logistics sectors. This collaboration will strengthen both organisation's logistics networks to capture the expanding eCommerce market in Southeast Asia.