Brief: Singapore Post To Raise Its Stake In Freight Management Holdings To 51%

Singapore Post

08/10/2021 11:08

Oct 8 (Reuters) - Singapore Post Ltd  SPOS.SI :
    * ENTERED INTO REVISED AGREEMENT TO BRING FORWARD & INCREASE
ITS
SHAREHOLDING IN FREIGHT MANAGEMENT HOLDINGS FROM 28% TO 51%
    * TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO SINGPOST
EARNINGS
UPON COMPLETION
    * ENTERED INTO AN AGREEMENT GRANTING FMH AN OPTION TO
ACQUIRE 100%
OF SINGPOST'S SHAREHOLDING IN COURIERSPLEASE

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