Singapore Post - OCBC Research 2016-02-11: Long-Stop date further extended to 31 May 2016

Singapore Post - OCBC Research 2016-02-11: Long-Stop date further extended to 31 May 2016 SINGAPORE POST LIMITED S08.SI 

Singapore Post: Long-Stop date further extended to 31 May 2016 

  • Singapore Post (SingPost) announced last evening that the Long-Stop date in relation to Alibaba’s acquisition of additional equity in SingPost for S$187.1m will be further extended to 31 May 2016, from 29 Feb 2016. 
  • This is the second extension since the first extension that was announced on 2 Nov 2015 (the original longstop date was on 30 Nov 2015), and the reason for this is because more time is required for both parties to fulfill the conditions precedent as set out in the investment agreement. 
  • Maintain HOLD with S$1.37 fair value estimate.



Carmen Lee OCBC Securities | http://www.ocbcresearch.com/ 2016-02-11
OCBC Securities SGX Stock Analyst Report HOLD Maintain HOLD 1.37 Same 1.37


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