The latest 10% acquisition of shares, through wholly-owned subsidiary SingPost Australia Investments Pty Ltd, came from FMH non-management shareholders and Degenhardt shareholders.
Separately, FMH management shareholders have accepted an offer to sell all existing FMH shares to SingPost. The transaction is pending completion.
Upon completion of the acquisition from the FMH management shareholders, SingPost will hold 100% equity interest in FMH.
Shares in SingPost closed 0.5 cents or 1.1% up at 46 cents on Nov 28.
