Air Freight and Logistics
Company Overview of Singapore Post Limited
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
Founded in 1819
Key Executives for Singapore Post Limited
Group Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2015.
Singapore Post Limited Key Developments
Singapore Post Limited Announces Cessation of Daniel Phua Meng Kuan as Group Chief Financial Officer
Jul 24 15
Singapore Post Limited announced cessation of Daniel Phua Meng Kuan as Group Chief Financial Officer. The date is to be agreed and will be announced once agreed.
Singapore Post Limited Announces Cessation of Appointment of Woo Mei Lin Jacqueline as Group Company Secretary, Effective July 31, 2015
Jul 24 15
Singapore Post Limited announced cessation of contract appointment of Woo Mei Lin Jacqueline as Group Company Secretary, effective July 31, 2015.
Singapore Post Limited, Alibaba Group Holding Limited and Quantium Solutions International Pte Ltd. Announce to Expand E-Commerce Logistics Cooperation
Jul 8 15
Singapore Post Limited and Alibaba Group Holding Limited announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading e-commerce logistics platform to service the rapidly growing e-commerce businesses across Asia Pacific and beyond. Initiative One:Alibaba will invest up to approximately SGD 92 million in QSI for a 34% stake in Quantium Solutions International (QSI), SingPost will hold the remaining 66% of the equity of QSI. QSI is currently a wholly owned subsidiary of SingPost providing leading end-to-end e-commerce logistics and fulfilment services across the Asia Pacific region. Its network spans more than 10 countries and the company offers customers e-commerce logistics solutions and warehousing across Asia Pacific. QSI will reorganize its business and become the joint venture vehicle of SingPost and Alibaba Group. This will allow QSI to ramp up its development of e-commerce logistics infrastructure and services. In addition, QSI will also become a platform for both parties to strengthen their collaboration and realize synergies across their businesses. QSI will encompass e-commerce warehousing, last mile delivery and other end-to-end e-commerce solutions. Initiative Two: Alibaba Group will purchase 107,553,907 new ordinary shares amounting to 5% of the existing share capital of SingPost for SGD 187.1 million. Upon completion, Alibaba’s deemed interest on a fully diluted basis in SingPost will rise from 10.23% to 14.51%. Alibaba Group’s acquisition of additional equity in SingPost is subject to Info-Communications Development Authority of Singapore (IDA) and SingPost’s shareholder approvals. Alibaba Group acquired its initial stake in SingPost in 2014. Initiative Three: SingPost and Alibaba have also entered into a joint strategic business development framework to further improve efficiency and integration of e-commerce logistics solutions. SingPost and Alibaba will share their respective knowledge and leverage each other’s strengths to scale across the e-commerce logistics value chain. A joint Steering Committee will be created and drawn from their respective executives.
Similar Private Companies By Industry
Recent Private Companies Transactions
Most Searched Private Companies
Sponsored Financial Commentaries