SingPost made 'administrative oversight' in 2014 deal disclosure
One of its directors had an interest in UK freight forwarder purchased by the company in 2014
Singapore
POSTAL and e-commerce group Singapore Post said on Tuesday that it had not properly disclosed a board director's interest in a 2014 acquisition that the group had agreed to pay up to £7 million (S$14.8 million) for.
Citing "administrative oversight", SingPost noted in a Singapore Exchange (SGX) filing that it had stated in July last year that none of its directors had had any interest in SingPost's purchase of FS Mackenzie, a United Kingdom-based freight forwarder.
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