Brief: Singapore Post Says It Raises Shareholding In Freight Management Holdings

Singapore Post

11/01/2023 05:04

Jan 11 (Reuters) - Singapore Post Ltd  SPOS.SI :
    * PROPOSED ACQUISITION OF SHARES IN FREIGHT MANAGEMENT
HOLDINGS
PTY
    * ACQUISITION OF FURTHER 37% INTEREST TO RAISE FMH
SHAREHOLDINGS
TO 88%
    * TOTAL PURCHASE CONSIDERATION FOR ACQUISITION OF 37%
INTEREST IS
EXPECTED TO AMOUNT TO APPROXIMATELY A$175.4 MILLION
    * TRANSACTION TO BE FUNDED BY CASH RESERVES, AVAILABLE BANK
LOAN
FACILITIES

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 ((Reuters.Briefs@thomsonreuters.com;))