Toll Global Forwarding, Paul Coutts, has been appointed to the position of Group CEO of Singapore Post (SingPost) and also as a non-independent Director member of its Board, effective 1 June 2017. Coutts takes over from Wolfgang Baier who submitted his surprise resignation in early December 2016. In a statement, the chairman of SingPost, Simon Israel, said: “The SingPost Board is delighted to announce Paul's appointment as Group CEO. Given his seniority and the experience he brings from an … [Read more...] about Toll’s Paul Coutts to head Singapore Post
Wolfgang Baier
SingPost divests 90% stake in DataPost
Singapore Post (SingPost) has entered into a sale and purchase agreement with Jing King Tech Solutions to dispose its 90 per cent stake in DataPost for approximately S$39.3 million (approx. US$29.5 million). This is on the back of another divestment that SingPost made in May of its whole stake in Novation Solutions and DataPost Hong Kong for S$24.4 million. The company says that it is selling off stakes in the more traditional forms of the postal service business to support the … [Read more...] about SingPost divests 90% stake in DataPost
SingPost divests 90% stake in DataPost
Singapore Post (SingPost) has entered into a sale and purchase agreement with Jing King Tech Solutions to dispose its 90 per cent stake in DataPost for approximately S$39.3 million (approx. US$29.5 million). This is on the back of another divestment that SingPost made in May of its whole stake in Novation Solutions and DataPost Hong Kong for S$24.4 million. The company says that it is selling off stakes in the more traditional forms of the postal service business to support the … [Read more...] about SingPost divests 90% stake in DataPost
SingPost acquires 90% stake in Famous Pacific
SingPost has acquired a 90 per cent stake in Famous Pacific Shipping (NZ) Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd. Famous Holdings has paid an initial consideration of NZ$3.6 million (US$2.82 million) for the stake and certain debts owing by FPSNZ to the vendors. A potential earn-out consideration of effectively up to NZ$4.4 million based on the adjusted actual net profit after tax of FPSNZ may also become payable, potentially bringing the total consideration up to … [Read more...] about SingPost acquires 90% stake in Famous Pacific
