Singapore Post Limited (SingPost)

The transaction will be funded by the group’s cash reserves and available bank loan facilities.

SingPost has declared an interim dividend of 0.18 cent per share for the 1HFY2022, to be paid out on Nov 30.

SingPost has proposed a final dividend of 1.3 cents per share for the 2HFY2022, bringing the full year's dividend to 1.8 cents.

The perpetual securities are expected to be issued on April 6.

Shares in SingPost closed 0.5 cent lower or 0.76% down at 65.5 cents on March 29.

The notice of arbitration pertains to the agreements in relation to Famous Holdings and its subsidiaries.

UOB Kay Hian has also upped its target price to 78 cents from 75 cents previously.

Analysts from CGS-CIMB and DBS have kept their "add" and "fully valued" recommendations on the counter.

SingPost says the acquisition is “in line with” its group strategy.

SINGAPORE (April 4): Singapore Post Limited (SingPost) has announced its intentions to sell its controlling stakes in US e-commerce businesses, Jagged Peak and Trade Global, as part of its strategic review.