Wolfgang Baier cashes out part of SingPost stake
Add BT as a preferred source
SINGAPORE Post's (SingPost) outgoing chief executive officer Wolfgang Baier sold off part of his stake in the postal and e-commerce group on Monday, SingPost said in a Singapore Exchange filing on Tuesday evening.
Dr Baier sold 2.5 million shares in the open market for about S$3.94 million in total, which worked out to an average price of S$1.577 apiece.
That cut his SingPost stake from 3.72 million shares or 0.172 per cent to 1.22 million shares or 0.057 per cent. The counter had closed one Singapore cent lower at S$1.57 on Monday.
At SingPost's share price of S$1.56 as at 11.30am on Wednesday, Dr Baier's remaining stake would be worth about S$1.91 million.
Dr Baier abruptly quit SingPost in December 2015, but said he would be around until end-June 2016 to support a handover. The group has yet to formally announce his successor.
Share with us your feedback on BT's products and services
TRENDING NOW
Extra S$300 in CDC Vouchers, U-Save rebates for households as part of S$900 million support package
Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit
Singapore banks’ battle for wealth talent goes beyond private bankers
Singapore rolls out S$900 million support package for businesses, households in light of Iran war
