SingPost puts its struggling US e-commerce units on the market
Add BT as a preferred source
Annabeth Leow
Singapore
CONFIRMING market chatter, Singapore Post (SingPost) announced on Wednesday night the board's decision to sell its two struggling United States e-commerce subsidiaries, Jagged Peak and TradeGlobal.
SingPost, citing the early stage of the sale process, could not say, when asked, whether Jagged Peak and TradeGlobal would be sold together or not, and at what asking price.
TRENDING NOW
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
Genting Singapore H1 profit falls 33.5% to S$156.1 million despite stable revenue
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
DBS names new heads for Hong Kong, Taiwan and Indonesia markets
