Concerns over SingPost still linger for fund managers

Singapore

SHARES of Singapore Post have recovered somewhat since the selldown last month but unanswered questions surrounding its corporate governance issues still worry institutions.

More than 10 major fund managers have recently got in touch with SingPost's board, management or external market participants to discuss concerns about the postal and e-commerce group, The Business Times has learnt.

Issues at the top of their minds include SingPost's disclosures regarding its acquisitions, in light of the substantial amount of goodwill on the group'…