The enterprise value translates into A$775.9 million in cash and generates an expected gain on disposal of about A$312.1 million, subject to adjustments determined at the time when the deal is completed.
The buyer is Pacific Equity Partners, an Australia-headquartered private equity fund.
The deal comes after a strategic review of SingPost's Australian business which explored options to enhance business value and shareholder value, said the group on Dec 2.
SingPost believes that proceeds from the proposed disposal will reinforce the group's liquidity and strengthen its balance sheet.
Denne historien er fra December 03, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 03, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
COFFEE AND A LOOK AT NORTH KOREA
For anyone curious about civilian life in North Korea, Starbucks is offering its customers in the south a peek into the world's most reclusive country while sipping a favourite brew.
Shaw Theatres to close cinema at The Seletar Mall
Shaw Theatres will close its cineplex at The Seletar Mall on Dec 15, it announced via a press statement on Dec 2.
Conservationist Robert Irwin pays tribute to late father as he turns 21
Australian conservationist, TV personality and wildlife photographer Robert Irwin marked his 21st birthday on Dec 1 with a touching tribute to his late father Steve Irwin.
KRU first Malaysian act to use AI for music video
Malaysian music group KRU have unveiled Voodoo, the first single and music video from their upcoming album Kaset.
Titoudao actress Koe Yeet is engaged
Wedding bells are set to ring for Malaysian actress Koe Yeet.
Moana 2 sails to $495m debut at global box office
LOS ANGELES - Walt Disney's animated musical Moana 2 debuted with an estimated US$368 million (S$495 million) in global ticket sales through Dec 1, and combined with Wicked and Gladiator II to deliver the biggest Thanksgiving weekend in American and Canadian box-office history.
The road ahead for S'pore tourism
Singapore Tourism Board chief weighs in on upcoming attractions, staying competitive and creating value for tourists
Beyond the Angkor Wat
From lotus farms to a colourful circus, Cambodia's Siem Reap is a city with much to offer
In chess, a fan and a legend get to meet on a board
It's Saturday afternoon and John Chan, 32, is possibly in a joyous daze.
LIONESSES' LAST CHANCE
They must win third-place play-off to qualify for AFF Women's C'ship
