SingPost not aware of any information that may explain unusual trading activity

SINGAPORE Post (SingPost), in response to queries by Singapore Exchange after an inexplicable dive in its shares on Wednesday, said it is not aware of any information previously not announced that may explain the trading activity.

The group said on Thursday morning: "SingPost has been accelerating its transformation efforts over the past few years, and continues to pursue opportunities, both organic and via M&As, to drive growth in Singapore and the regional markets.

"To date, there is no material development which is required to be announced pursuant to the listing manual of the Singapore Exchange Securities Trading Limited."

SingPost shares ended trading on Wednesday 6.2 per cent or 10 Singapore cents lower at S$1.51 - the group's lowest since May 2014. Some 31.4 million shares changed hands, more than five times the 6.1 million the day before.