All three individuals are contesting their termination.
In their latest statement, however, Phang and Yik noted that they are “prepared not to pursue any litigation options” as they simply want to establish the full facts of the case and re-establish their standing and careers rather than to pursue damages.
“In this regard, we are also prepared for our full responses to the company on the issue, which address all the allegations, to be released to ensure that all relevant facts are made known,” they added.
As at 3.42pm, shares in SingPost are trading 0.5 cents higher or 0.91% up at 55.5 cents.
