SingPost slips to 18-month low on concerns over special audit

Singapore

SHARES of postal and e-commerce group Singapore Post took a tumble on Christmas eve to plumb their lowest level in 18 months, following further questions from market observers about a special corporate governance audit that SingPost is set to undergo.

The stock fell 3 per cent or five cents on Thursday to end the half-day trading session at S$1.61, marking its lowest price since June 2014. It was among the most heavily traded counters on the local bourse in a shortened session with 13.3 million shares traded.