Singapore Post Limited (SingPost) has issued a clarification on articles regarding a potential sale of its Australian business, as reported in the Australian press.
On June 21, the group announced that SingPost appointed Merrill Lynch Markets Australia as financial advisor to formulate optionalities for the group’s Australia business specifically.
In its Sept 18 bourse filing, the group says that the review by Merrill Lynch Markets Australia is still “ongoing to determine the most appropriate range of optionalities” for the group’s business in Australia.
The group adds that there is currently no certainty of any transaction.
Further announcements are expected to follow subject to material developments.
Shares in Singpost closed 0.5 cents lower, or down 1.08%, at 46 cents on Sept 18.
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