SUBSCRIBERS
SingPost US units to file for Chapter 11 after sale bid falls through
Published Thu, Sep 19, 2019 · 09:50 PM
Singapore
MAIL and logistics firm Singapore Post (SingPost) has called off the sale of its beleaguered US e-commerce businesses, which will now seek bankruptcy protection instead.
Following a six-month sale process, "no acceptable offers" were found for Jagged Peak and TradeGlobal, the company said in a Singapore Exchange filing on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention