SingPost gets nod for Alibaba to raise stake

Singapore

AFTER multiple delays, Chinese e-commerce giant Alibaba's proposal to raise its stake in Singapore Post (SingPost) to above 14 per cent at S$1.74 per share finally looks set to happen, and within the next few months.

But in the wake of SingPost's recent share weakness, a deal that might have seemed sweet for Alibaba a year ago might look a tad expensive now.