Wednesday, April 2, 2025
No menu items!
No menu items!

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

-Top Ads -

SINGAPORE: Singapore Post (SingPost) 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.

While the company stated that talks are ongoing, SingPost has clarified that “there is still no certainty” that the deal will materialise, as reported by The Edge Singapore. 

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.

Ad Unit One -Ad script goes here

SingPost Centre alone is valued at over S$1 billion. /TISG

Read also: SingPost declares 89% higher dividend after nearly doubling earnings for 1HFY2025 with 97.3% YoY increase

- Below Post -Bootom of post

Hot this week

Sharon Osbourne regrets dramatic weight loss

Television personality Sharon Osbourne appeared on Piers Morgan’s show...

Brain Implant: Elon Musk’s Neuralink venture now ready for human trials

After controversial tests on monkeys, Elon Musk’s groundbreaking company,...

X users defending Emma Roberts over statement from Angelica Ross claiming she is transphobic 

The topic of transphobia is one of the utmost...

Ryeoun and Ha Yoo Joon’s tension boils over in ‘Namib’

KOREA: As reported by Soompi, Ryeoun faces a pivotal...

Blossoms and lanterns in Chinese New Year celebration at Gardens by the Bay

SINGAPORE: In late January, Singapore’s Gardens by the Bay...

‘Someone Cute’ — NMIXX’s Haewon teased for naming Byeon Woo Seok as her ideal type

KOREA: As reported by PINKVILLA, NMIXX's Haewon recently shared...

Man says new electric bus is uncomfortable, not senior-friendly

SINGAPORE: A man took to social media to express...

Would you live in a ground-floor unit in front of a car park? Residents weigh pros and cons

SINGAPORE: Singaporean residents weighed the pros and cons of...

Obesity prevalence: Singapore ranks 3rd in Southeast Asia

SINGAPORE: A recent infographic published by Seasia Stats shows...
spot_img
Add custom code here

Related Articles

Popular Categories

spot_imgspot_img