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Singapore Post ( (SG:S08) ) just unveiled an update.
Singapore Post Limited (SingPost) has announced a mutually agreed unwinding of cross-holdings with Alibaba Group, leading to a cash inflow of approximately S$55.86 million. This strategic move allows SingPost to simplify its investment portfolio by acquiring full ownership of Quantium Solutions International (QSI) while Alibaba’s logistics arm, Cainiao, increases its stake in 4PX. The transaction may result in a potential goodwill impairment of up to S$77.86 million, impacting SingPost’s financials and strategic positioning in the logistics sector.
More about Singapore Post
Singapore Post Limited (SingPost) operates in the logistics and postal industry, offering a range of services including mail, logistics, and e-commerce solutions. The company is focused on enhancing its investment portfolios and strategic objectives.
YTD Price Performance: 2.31%
Average Trading Volume: 12,108
Technical Sentiment Signal: Sell
Current Market Cap: $880.1M
For detailed information about S08 stock, go to TipRanks’ Stock Analysis page.