One-time gains lift SingPost Q4 earnings

Singapore

SINGAPORE Post has extended the longstop dates for both its deals with Chinese e-commerce giant Alibaba yet again, though this time it shed more light on some sources of the delay.

The new deadline to ink both Alibaba's stake increase in SingPost and the two parties' proposed joint venture is Oct 31, deputy chief executive officer Mervyn Lim told a results briefing on Tuesday that ended up starting an hour later than scheduled.

Regulatory delays were mainly the hold-up in the case of Alibaba's proposed stake increase, he said, adding that approvals from regulators such as the Infocomm Developme…