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SingPost made 'administrative oversight' in 2014 deal disclosure

One of its directors had an interest in UK freight forwarder purchased by the company in 2014

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SingPost's latest statement came as concerns emerged about corporate governance at the group, in the wake of the shock resignation earlier this month of its chief executive Wolfgang Baier.

Singapore

POSTAL and e-commerce group Singapore Post said on Tuesday that it had not properly disclosed a board director's interest in a 2014 acquisition that the group had agreed to pay up to £7 million (S$14.8 million) for.

Citing "administrative oversight", SingPost noted in a

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