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SingPost US units to file for Chapter 11 after sale bid falls through
Vivienne Tay
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.
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