The bank was referring to SingPost's proposed divestment of its Australian logistics business Freight Management Holdings and its potential sale of freight forwarding business Famous Holdings.
Maybank says that the sale of Famous Holdings should conclude by end-January 2025, which should raise between $80 million and $100 million in proceeds.
This story is from the January 04, 2025 edition of The Straits Times.
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This story is from the January 04, 2025 edition of The Straits Times.
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