SingPost unveils SingPost Storage

Find out where this new arm will be based.

According to a release, the Board of Directors of Singapore Post announced that SingPost Investments, a wholly-owned subsidiary of the Company has incorporated a wholly-owned subsidiary in the Republic of Mauritius, known as SingPost Storage Company Limited.

The issued and paid up capital of SingPost Storage is S$17,000,000. The principal activity of SingPost Storage is that of an investment holding and treasury company for, including without limitation, the Company’s property related investments and assets.

The incorporation of SingPost Storage was funded through the Company’s internal resources and is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 March 2013.
None of the directors or controlling shareholders of the Company has any interest, direct