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FMH Group enhances integrated logistics network in Australia with proposed acquisition of Border Express

Freight Management Holdings Pty Ltd ("FMH"), a subsidiary of Singapore Post Limited ("SingPost" and "Group"), has entered into a conditional sale and purchase agreement with the shareholders of Border Express, Australia's 6th largest pallet and parcel distribution operator, for a maximum purchase consideration of A$210 million (approximately S$183 million).
Asia Pacific Simon Slagter Mark Luff Vincent Phang Singapore Post Singpost Group
Source: yahoo.com

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SingPost CEO: The strategic acquisition of FMH is a key move

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.
Vincent Phang Singpost Australia Investments Pty Ltd Group Logistics Singpost Group Freight Management Holdings Pty Ltd Singapore Post

SingPost records a net loss of S$2.4 million for the first half

Singapore Post Limited (SingPost) has announced its results for the half year ended 30 September 2022 revealing the highest revenue recorded in the Groupโ€™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.
Vincent Phang Vincent Yik Singpost Group Occupancy At Singpost Centre Freight Management Holdings Pty Ltd Famous Holding

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