The Business Times
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HOCK LOCK SIEW

Alibaba selling SingPost shares is no cause for other shareholders to follow suit

There is no change in whether the stake is held by Alibaba Investment or not, unless the investors that absorbed the shares are in the position to provide a fillip to SingPost businesses or share trading

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Tay Peck Gek

Tay Peck Gek

Published Tue, Sep 16, 2025 · 04:38 PM
    • SingPost's postal business is on a secular decline while its e-commerce logistics business is operating in a highly competitive landscape., causing its shares to languish.
    • SingPost's postal business is on a secular decline while its e-commerce logistics business is operating in a highly competitive landscape., causing its shares to languish. PHOTO: BT FILE

    [SINGAPORE] National postal service provider Singapore Post (SingPost) had 151.3 million of its shares sold by Alibaba Investment on Sep 9, which reduced the holding of the Chinese e-commerce heavyweight Alibaba Group wholly owned subsidiary to 4.6 per cent from 11.3 per cent.

    The sale at S$0.426 a share – lower than the counter’s 52-week-low of S$0.43 – yielded Alibaba Investment S$64.4 million in proceeds.

    But the disclosure made by the former substantial shareholder to the Singapore Exchange did not name its counterparty in the off-market transaction.

    Hock Lock SiewSingPost

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