Singapore Post Limited has announced the acceleration of its acquisition of a further stake in 51%-owned subsidiary Freight Management Holdings Pty Ltd. Through its wholly owned subsidiary, SingPost Australia Investments Pty Ltd, SingPost will be acquiring an additional 37% interest in FMH, increasing its total stake to 88% upon completion of the transaction.
Singapore Post Limited (SingPost) has announced its results for the half year ended 30 September 2022 revealing the highest revenue recorded in the Group’s history within any half year however the Group also recorded a net loss of S$2.4 million for the first half and a net loss attributable to equity holders of S$9.9 million.