SingPost shares recoup some losses despite CEO's resignation

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 S$1.715. It slipped to as low as S$1.695 at mid-morning but regained its footing to end the day where it started, back at S$1.715 on 12.4 million shares traded. The counter has shed about 10.7 per cent since end-2014.