The sacking of these three executives took place while SingPost is in the midst of its asset monetisation moves, including most recently, the proposed sale of its Australian unit FMH for an enterprise value of A$1.02 billion.
Maybank Securities analyst Jarick Seet has maintained his positive view on SingPost following news of the firing of its three top executives including the CEO Vincent Phang and CFO Vincent Yik over mishandling of whistle-blowing investigations.
A third executive, Li Yu, who heads up the company's international operations, was fired as well. Phang and Yik plan to "vigorously contest" their termination.
