SingPost settles share transfer issue with Famous Holdings

Famous Holdings will transfer 37.5% shares to SingPost Logistics Investments.

SingPost Logistics Investments (SLI) and Famous Holdings Pte Ltd (FHPL) have entered into a settlement agreement with Tan Ho Sung on disputes regarding the transfer of Tan’s remaining 37.5% shares in FHPL to SLI.

The purchase agreement terms are confidential, and both parties agreed to settle disputes fully and discontinue all related arbitration and court proceedings.

The settlement is not expected to have a material impact on SingPost’s net tangible assets or earnings per share for the current financial year.

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