Stocks to watch: SingPost, Global Logistic Properties, TMC Education
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE following companies made corporate announcements before the beginning of trading on Friday:
Singapore Post's (SingPost) head honcho Wolfgang Baier said on Thursday evening that he was quitting the mainboard-listed company, catching investors by surprise and leaving the group scrambling to name a successor. His abrupt move has sparked speculation that Dr Baier, known for transforming SingPost from a staid mailman into an e-commerce logistics player, may have been poached by another global firm in a similar space.
Several months after it was initially scheduled to close the deal, logistics provider Global Logistic Properties has completed its acquisition of a stake in China's largest state-owned warehouse logistics provider for two billion yuan (S$435 million).
Private education firm TMC Education has finally found a potential buyer for two strata-titled lots at Peninsula Plaza but will have to book a S$1.21 million loss on the sale, it said in a Singapore Exchange filing on Thursday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
