You are here

SingPost gets nod for Alibaba to raise stake

Alibaba's stake to be raised to 14.4% from 10.2% now with further investment of S$187.1 million
Friday, October 28, 2016 - 05:50

Singapore

AFTER multiple delays, Chinese e-commerce giant Alibaba's proposal to raise its stake in Singapore Post (SingPost) to above 14 per cent at S$1.74 per share finally looks set to happen, and within the next few months.

But in the wake of SingPost's recent share weakness, a

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom