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Sparks commentary - Singapore Post

Industrials

Sparks - Singapore Post

More on this equity
Singapore Post (SGX: S08) – Disposal of Famous Holdings and Rotterdam Harbour Holding
Published by Andy Murphy

Following the recent disposal of its Australian operations, Singapore Post has now disposed of freight forwarder Famous Holdings and Rotterdam Harbour Holdings for a combined S$177.9m. The sale generates a gain on disposal of  S$10.5m and generates c S$104m of cash. These two assets were identified as non-core in the March 2024 strategic review.

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