// Adds dimensions UUID, Author and Topic into GA4
Monday, June 15, 2026
28.9 C
Singapore
type here...
Photo: Fb screengrab/SingPost Centre
SGX
Less than 1 min.Read

SingPost in exclusive talks for a possible sale of its Australia business

Mary Alavanza
By Mary Alavanza

SINGAPORE: Singapore Post (SingPost) said that it is in “exclusive discussions” with a possible buyer for its Australian business as part of a review of its operations that began in June.

According to Singapore Business Review, on June 21, SingPost brought in Lynch Markets Australia Pty Limited as a financial advisor to help the Board evaluate different options for its Australian operations.

While the company stated that talks are ongoing, SingPost has clarified that “there is still no certainty” that the deal will materialise, as reported by The Edge Singapore. 

According to analysts, selling some of SingPost’s Australia-based subsidiaries, along with divesting SingPost Centre and other properties, could raise significant funds that might be used to reduce the company’s debt.

SingPost Centre alone is valued at over S$1 billion. /TISG

Read also: SingPost declares 89% higher dividend after nearly doubling earnings for 1HFY2025 with 97.3% YoY increase

- Advertisement -
Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Malaysia

Two court cases, one message: Sharing intimate content without consent comes at a cost

A woman was fined for sharing her ex-husband's intimate video online but as if it was not enough tragedy, a man is heavily fined for sharing his girlfriend’s intimate photos online.
Domestic Helpers

Employer says she’s under ‘extreme stress’ as helper keeps rejecting and wasting home-cooked food

SINGAPORE: One employer says mealtimes have become a major source of frustration in her household after her domestic helper repeatedly turned down food prepared at home and allegedly wasted meals t...

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityInternational
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks