On a pro forma basis, assuming that the transaction had been completed on March 31, 2024 (SingPost’s FY2024 year-end), SingPost’s net tangible assets, excluding goodwill and other intangible assets, would have risen to 67.9 cents from 34.9 cents circular. Its pro forma intangibles, including goodwill, fell from $636.3 million to just $168.4 million.
In a circular announcing the sale of its Australian business, Freight Management Holdings (FMH), Singapore Post (SGX:S08
) (SingPost) revealed a realised gain of $289.5 million and a net gain of $274.8 million.
The net gain translates to 12.2 cents per share, which is expected to be paid as a special dividend. The board will consider the special dividend once the proposed disposal is completed, the group said on Feb 26.
