Singapore Post Limited (SingPost) announced a S$30 million investment in its Regional eCommerce Logistics Hub (eComm LogHub) facility, to expand eCommerce processing capacity as a pathway for future growth. This investment will go towards the installation of new sorting equipment that can process up to 300,000 small parcels per day at the eComm Loghub, up from the present 100,000. The compact and modular design of the new machinery also frees up significantly more floor space, enabling future … [Read more...] about SingPost invests S$30 million to boost processing capacity in regional eCommerce logistics hub
SingPost
SingPost appoints Isaac Mah as Group Chief Financial Officer
Singapore Post (SingPost) formally announced the appointment of Isaac Mah as Group Chief Financial Officer (GCFO), effective 22 January 2025, following the requisite SGX announcements and his relocation to Singapore. Under transitional management arrangements, Isaac will take guidance from the Chairman of the Board, Simon Israel. The Company disclosed in the 22 December Announcement the intention to appoint Mr Isaac Mah to the GCFO position in accordance with SingPost’s succession plan. Isaac … [Read more...] about SingPost appoints Isaac Mah as Group Chief Financial Officer
SingPost appoints Neo Su Yin as Group Chief Operating Officer
Singapore Post (SingPost) announced the appointment of Neo Su Yin as Group Chief Operating Officer (GCOO), effective 2 January 2025. In this newly created role, Su Yin will be responsible for the Singapore Business Unit, the International Business Unit and Property. Under transitional management arrangements, she will take guidance from the Chairman of the Board, Simon Israel. The position of the GCOO is a pivotal role to translate transformation into tangible results, ensuring high quality … [Read more...] about SingPost appoints Neo Su Yin as Group Chief Operating Officer
SingPost to divest Australia business at A$1.02bn in enterprise value
Singapore Post Limited announced that it has entered into a sale and purchase agreement with Pacific Equity Partners (“PEP”) for the sale of its Australia business, Freight Management Holdings Pty Ltd (“FMH”). PEP shall acquire the Australia business at an enterprise value of A$1.02 billion (approximately S$897.6 million), which translates into A$775.9 million (approximately S$682.81 million) in cash and generates an expected gain on disposal of approximately S$312.1 million, subject to … [Read more...] about SingPost to divest Australia business at A$1.02bn in enterprise value
SingPost’s Australian unit eyes purchase of Border Express
Freight Management Holdings or FMH, a subsidiary of Singapore Post, has entered into a conditional sale and purchase agreement with the shareholders of Border Express, for a maximum purchase consideration of A$210 million, or approximately S$183 million. Border Express is considered the 6th largest national transport and distribution services company in Australia with comprehensive freight connectivity, warehouses and regional centres. It provides end-to-end interstate logistics services … [Read more...] about SingPost’s Australian unit eyes purchase of Border Express
SingPost names new CEO for international
Singapore Post Limited (SingPost) has elected Mr Li Yu as CEO for its international business with effect from 12 September 2022. Mr Yu possesses over 17 years of experience spanning across Engineering, Operations, Project Management, Customer/Sales support, Strategy, and Technology implementation. He joins SingPost's management team from United Parcel Service (UPS), where he was most recently responsible for its APAC Global Logistics and Distribution. Yu also has experience in … [Read more...] about SingPost names new CEO for international
