SingPost takes a break from acquisitions

Singapore

AFTER gorging on acquisitions over the past few years Singapore Post will now be taking a break to digest them, it indicated on Thursday in a results briefing that was handled by group chief financial officer Mervyn Lim rather than outgoing chief executive officer Wolfgang Baier.

Chinese e-commerce giant Alibaba's proposed stake raise in the postal and e-commerce group may also take longer to materialise - SingPost is now "working towards" getting the long-stop date extended again, Mr Lim said.