Stock Track | SingPost Soars 6% on Completion of A$1 Billion Australian Business Divestment

Stock Track
03-28

Singapore Post (SingPost) shares surged 3.42% in intraday trading on Friday, following the announcement of the successful completion of its Australian logistics business divestment. The sale of Freight Management Holdings to Australia-based private equity firm Pacific Equity Partners fetched A$1 billion (S$845 million), exceeding initial expectations.

The divestment generated gross proceeds of approximately A$781.5 million, slightly higher than the previously anticipated A$775.9 million. More importantly, SingPost reported an estimated gain of S$289.5 million from the transaction, significantly boosting the company's financial position and potentially freeing up capital for future investments or shareholder returns.

This strategic move aligns with SingPost's efforts to streamline its operations and focus on core markets. The substantial proceeds and impressive gain from the divestment have clearly resonated with investors, driving the stock's upward momentum in today's trading session. As SingPost continues to refine its business strategy, market participants will be keen to see how the company utilizes the proceeds to drive future growth and enhance shareholder value.

SingPost Soars 6% at 11:30 am, Mar 28th.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10