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August 31, 2015 5:49 AM ET

Air Freight and Logistics

Company Overview of Singapore Post Limited

Company Overview

Singapore Post Limited operates and provides postal, logistics, and retail services in Singapore and internationally. The company operates through three segments: Mail, Logistics, and Retail & eCommerce. The Mail segment offers services for collecting, sorting, transporting, and distributing domestic and international mail, as well as sells philatelic products. Its International mail service includes handling of incoming and outgoing international mail. This segment also provides ePost hybrid mail service, which integrates electronic data communication with traditional mail. The Logistics segment offers a range of logistics solutions, including freight, warehousing, domestic and internationa...

10 Eunos Road 8

Singapore Post Centre

Singapore,  408600

Singapore

Founded in 1819

Phone:

65 6845 6775

Key Executives for Singapore Post Limited

Group Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee
Age: 41
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2015.

Singapore Post Limited Key Developments

SingPost eCommerce Pte Ltd and PT Trikomsel Oke Tbk Jointly Incorporates PT Trio SPeCommerce Indonesia in Indonesia

Singapore Post Limited announced that further to the announcement dated 9 March 2015 relating to a joint venture between SingPost eCommerce Pte Ltd. (SP eCommerce), a wholly-owned subsidiary of the Company with PT Trikomsel Oke Tbk (PT Trikomsel), PT Trio SPeCommerce Indonesia (PT TSI) has been incorporated in the Republic of Indonesia. PT TSI will provide import and supply of goods to e-commerce and online retailers as well as providing technical know-how and support services for the establishment, implementation and operation of ecommerce platforms. SP eCommerce will initially subscribe for 7,524 shares at IDR 132,030 each for a total of IDR 993,393,720 (equivalent to approximately SGD 99,948)1 representing 33% of the initial issued paid-up capital in PT TSI. The Initial Subscription was funded through the Company's internal resources.

Singapore Post Limited Appoints Ng Poh Keng Jocelyn as Group Company Secretary

The Board of Directors of Singapore Post Limited announced that Ms. Ng Poh Keng Jocelyn has been appointed as Group Company Secretary of the company with effect from 19 August 2015. Ms. Ng will be responsible for the Group's legal and corporate secretarial matters.

Singapore Post Limited Announces Incorporation of Subsidiary Quantium Solutions Holdings Pte. Ltd in Singapore

The Board of Directors of Singapore Post Limited announced that the company has incorporated a subsidiary in Singapore known as Quantium Solutions Holdings Pte. Ltd. ("QSH"). QSH has an issued capital of SGD 100,000. The principal activity of QSH is that of an investment holding company. The incorporation of QSH is part of a reorganisation of certain existing investments and businesses of Quantium Solutions International Pte. Ltd., as a condition precedent of the Joint Venture Agreement with Alibaba Investment Limited as announced by the company on 8 July 2015.

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Merger/Acquisition
June 19, 2015
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April 14, 2015
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