SingPost reorganizes into three business units for growth, valuation, and tech-driven logistics.
SingPost completes strategic review, reorganises into three business units - Singapore, Australia, International - to boost growth, valuation, and focus on tech-driven logistics. The group aims to generate a spread above the cost of capital for each business unit. Potential non-core assets, such as the S$1.1bn SingPost Centre, may be divested, or the Australian business could be floated.
March 19, 2024
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