Singapore Post (SG:S08) has released an update.
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Singapore Post Limited, commonly known as SingPost, is actively pursuing a strategic review to enhance shareholder returns by scaling their Australian business through partnerships, M&A opportunities, and establishing an independent valuation benchmark. The company has appointed Merrill Lynch Markets Australia Pty Limited as its financial advisor to explore various options for its Australian operations. Investors and stakeholders can expect further updates from SingPost as the situation develops.
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