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SingPost’s former CEO and CFO ‘welcome’ SIAS’s inquiry

Felicia Tan
Felicia Tan • 1 min read
SingPost’s former CEO and CFO ‘welcome’ SIAS’s inquiry
“If there is such an inquiry, we are prepared to not pursue any litigation options,” say Vincent Phang and Vincent Yik. Photo: SingPost
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Singapore Post’s (SingPost) former group CEO Vincent Phang and former CFO Vincent Yik has welcomed the Securities Investors Association (Singapore)’s (SIAS) call for an independent professional inquiry to “facilitate the determination of the full facts of the case”.

The SIAS, on Jan 2, called for an independent inquiry to look into the circumstances leading to the dismissal of SingPost’s three key executives. Besides Phang and Yik, SingPost also fired the head of its international operations unit, Li Yu.

All three individuals are contesting their termination.

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