On Dec 2, the postal service provider said it has entered a share purchase agreement to divest its Australian business at an enterprise value of A$1 billion (S$870 million).
This was part of the outcome of a strategic review, launched earlier in 2024, seeking to explore strategic options to enhance its business value and maximise shareholder value.
S&P believes that the sale will be "transformative" for SingPost and clouds its future strategy.
"Over the past four years, SingPost has invested into the logistics industry in Australia to mitigate the structural decline in the postal sector," said the agency. SingPost's Australian business is now a key contributor, accounting for 58 per cent of total revenue in the first half of financial year 2025.
この記事は The Straits Times の December 07, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Straits Times の December 07, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Jay-Z will seek dismissal of sexual assault lawsuit his lawyer calls a 'sham'
Lawyers for Jay-Z (right) plan to ask a judge to toss a lawsuit accusing the American rapper of raping a 13-year-old in 2000, pointing to what they described as \"glaring inconsistencies\" that emerged in an NBC interview of the accuser, who was not named in the suit.
Comedian Jimmy O. Yang finds people who look more like him than himself in lookalike contest
It looks like there are Asians out there who look more like Jimmy O. Yang than the man himself, said the Hong Kong-born American actor and stand-up comedian.
Brazil judge orders Adele song to be pulled globally
A Brazilian judge has ordered a song by British pop superstar Adele (left), Million Years Ago (2015), to be pulled worldwide - including on streaming services - over an ongoing plagiarism claim by a Brazilian composer.
Local musician-TikToker first from Asia to be nominated
Drumeo Awards: TikTok Drummer of the Year category
Malcolm In The Middle is getting a four-episode revival on Disney+
NEW YORK - One of America's wackiest families is making a comeback.
Pedro Almodovar is not lost in translation
Working in English and directing Hollywood stars can be difficult for European directors. But the Spanish director's The Room Next Door is an exception
Lessons from a dog attack
Viewpoint Canines may bite and scratch when excited or caught by surprise
Could dark chocolate reduce risk of diabetes?
If you have long assumed that you must deprive yourself of delicious foods to be healthy, a new study in medical journal The BMJ offers encouraging news: Eating dark chocolate has been associated with a reduced risk of developing Type 2 diabetes.
BAD BACK
More teens and young adults hit with degenerative disc disease
Diplomacy ● Remark about chai in poor taste
I refer to the article \"No shortage of chai for Singapore's envoy in India after 'tasteless' brew post goes viral\" (Dec 16).
