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Revisions

No ‘skeletons in the closet’ for SingPost after corporate governance improvements

Broker's Calls

No ‘skeletons in the closet’ for SingPost after corporate governance improvements

Michelle Zhu Published on Tue, Jul 05, 2016 / 11:27 AM GMT+8

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SINGAPORE (July 5): Lim & Tan Securities is keeping its “hold” recommendation on Singapore Post (SingPost) in light of the company’s recent developments.

In response to findings made by consultants of the Corporate Governance Review released on Monday, SingPost announced that it accepts the findings and adopted almost all of the recommendations of both the Special Audit and the Review, save for one that is no longer relevant.

(See SingPost to adopt recommendations of Corporate Governance Review)

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