General Announcement::Clarification on The Straits Times article dated 14 June 2014
Issuer & Securities
Issuer/ Manager
SINGAPORE POST LIMITED
Securities
SINGAPORE POST LIMITED - SG1N89910219 - S08
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
17-Jun-2014 08:02:07
Status
New
Announcement Sub Title
Clarification on The Straits Times article dated 14 June 2014
Announcement Reference
SG140617OTHR5RPY
Submitted By (Co./ Ind. Name)
Winston Paul Wong Chi Huang
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
We refer to an article in The Straits Times on 14 June 2014, Page C7, Brokers Call - Singpost- CIMB Research. The statement in paragraph 2 that "SingPost believes that its partnership with Alibaba has the potential to increase shipment volumes by three to four times" is incorrect. We wish to clarify that, to date, we are unable to assess the impact of our proposed collaboration with Alibaba on our group's shipping volume.
Related Announcements
Related Announcements