Singapore Post (SG:S08) has released an update.
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Singapore Post has terminated three top executives, including its CEO and CFO, amid an internal investigation following a whistleblower report. The company is already under financial scrutiny due to plans to sell its Australia business, which has led to its credit ratings being placed on CreditWatch Negative. These developments increase uncertainty about SingPost’s future strategy and financial stability, heightening the interest of investors and stakeholders.
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