Hot stock: SingPost shares fall after regulatory probe
[SINGAPORE] Singapore Post shares fell as much as 3.5 per cent to a two-and-a-half month low on Thursday after the company said the city-state's Accounting and Corporate Regulatory Authority was starting investigations into possible breaches of the Companies Act.
The ACRA asked the company on May 18 to furnish it with the special audit report, SingPost said, referring to a report that identified lapses in disclosures relating to certain acquisitions by the company.
The company, whose biggest shareholders are Singapore Telecommunications and Alibaba, had only released the summary of the report to the public.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops