SingPost *Official* (SGX: S08)

[SpinFire]

Has SingPost-Alibaba JV hit a snag?

http://www.theedgemarkets.com/sg/article/has-singpost-alibaba-jv-hit-snag

SINGAPORE (Feb 19): Singapore Post says it is extending the long-stop date in the joint venture agreement with Alibaba from April 7 to May 31.

Without naming the Chinese e-commerce company by name, SingPost announced in a filing on Friday night that “the company and the investor are still in the process of fulfilling the conditions precedent as set out in the joint venture agreement” and that the two parties have agreed to mutually extend the long-stop date.

It was on July 8 that SingPost and Alibaba first announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement.

Among the initiatives, Alibaba was to invest up to $92 million for a 34% stake in subsidiary Quantium Solutions International. It was also to acquire a 5% stake in SingPost for $187.1 million.

SingPost, which closed 1.4% higher at $1.45, did not reveal what the unfulfilled conditions were.

Alibaba probably wants to know the outcome of the special audit before putting more money in.

 

[SibehEng]

special audit result might prove crucial if this stock chiong or not.. if positive then ali baba decide put more money in then probably chiong sky high after long term depressed low price.

 

[Average]

$1 pls

Sent from your gal nex door using GAGT

 

[thegodfather]

$1 pls

Sent from your gal nex door using GAGT

$1 happen you will not dare buy also and will be asking for 80cents. but $1 will be very attractive. its NAV right $1 around there

 

[JW2015]

$1 happen you will not dare buy also and will be asking for 80cents. but $1 will be very attractive. its NAV right $1 around there

no 1$ no buy.

 

[thegodfather]

no 1$ no buy.

when hit $1 i buy moreeee.. i used to think singpost is grossly overpriced but the recent selldown made it a little attractive haa

 

[a1v1n_]

S&P downgrades SingPost; postal firm says its credit rating remains strong among peers

http://www.straitstimes.com/business/companies-markets/sp-downgrades-singpost-postal-firm-says-its-credit-rating-remains-strong

Sent from ME using GAGT

 

[batdow]

no alibaba no talk

 

[thegodfather]

SIngpost today hovering still. Dunno when going to Cheong/ sink. Hope not the latter

 

[winorlose]

$1.550

big chiong today!

 

[homedriver]

LS too much before, still long way to chiong back

 

[Joe Maya]

$1.550

big chiong today!

sold 10 lot $1.540

 

[athulican]

Highest was $2.15 I think. No $2.15 no sell.

 

[thegodfather]

I feel you. I sold 5000 shares at 1.485 next day Cheong up

sold 10 lot $1.540

 

[zzxiaoboizz]

Highest was $2.15 I think. No $2.15 no sell.

Mayb 2 dollar can throw le if profit? Lol

 

[a1v1n_]

saw this in my bank transaction.
04 Mar 2016 CDP CDP-SINGPOST S$X

 

[starfish.starfish]

curious to see what will be the mid to long term impact to signpost with this development. Not vested

Alibaba affiliate attracts GIC, Temasek, Khazanah as investors
http://www.straitstimes.com/business/alibaba-affiliate-attracts-gic-temasek-khazanah-as-investors?xtor=CS3-18

 

[thegodfather]

SIngpost too small to eat big fish. They still can serve our region "well"

curious to see what will be the mid to long term impact to signpost with this development. Not vested

Alibaba affiliate attracts GIC, Temasek, Khazanah as investors
http://www.straitstimes.com/busines...gic-temasek-khazanah-as-investors?xtor=CS3-18

 

[yihao93]

Hope can go back to Moi cost price

 

[thegodfather]

Hope can go back to Moi cost price

whats ya cost?