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SingPost shares recoup some losses despite CEO's resignation

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DR BAIER: Market talk has it that tension in SingPost's top ranks arose amid his much-hailed reinvention of SingPost and e-commerce giant Alibaba's interest in the group.

Singapore

SHAREHOLDERS of mainboard-listed mail and e-commerce group Singapore Post appeared on Friday to have largely taken well-liked group chief executive officer (CEO) Wolfgang Baier's sudden resignation in their stride.

SingPost shares opened four cents or 2.3 per cent down at

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