SingPost chairman Simon Israel hospitalised; non-exec director Fang Ai Lian to chair AGM

SINGAPORE (July 20): Singapore Post chairman Simon Israel has been hospitalised, just hours before an annual general meeting (AGM) on Thursday.

The AGM was expected to be a challenging one for the postal, logistics and e-commerce firm.  It comes just two days after legal counsel WongPartnership LLP issued a summary report that due diligence in SingPost’s acquisition of TradeGlobal was not fully documented.

In addition, the summary report found that due diligence in relation to certain information pertinent to TradeGlobal valuation was not carried out.

---

Related Stories

• SingPost in 'exclusive' talks over divestment of Australia assets
• Maybank initiates 'buy' call on 'deeply undervalued' SingPost with 74 cents target price
• OCBC, UOB Kay Hian maintains call on SingPost, CGS International trims target price

---