SingPost shares fall nearly 10% after 3 senior execs were fired

They were found to be negligent in the handling of internal investigations over a whistleblower’s report

Published Mon, Dec 23, 2024 · 09:47 AM — Updated Mon, Dec 23, 2024 · 12:11 PM

The employment of group chief executive Vincent Phang, group chief financial officer Vincent Yik, and the chief executive of the company’s international business unit Li Yu were terminated with immediate effect on Dec 21. PHOTO: CMG

SHARES of Singapore Post (SingPost) fell sharply on Monday (Dec 23) following the exit of three of the group’s top executives.

As at 11.13 am, the company’s shares tumbled by 9.8 per cent or S$0.055 to S$0.505, with 19.4 million securities changing hands.

No married deals were recorded, according to ShareInvestor data.