Date: December 25, 2015
We like to assure our shareholders and stakeholders who have supported us over all these years of transforming our postal business that we take corporate governance seriously and will be meeting with SIAS when the independent audit report is completed.
To the best of our knowledge, there is no serious lapse but an administrative oversight in the SGX filing of the acquisition of F.S. Mackenzie ( the Transaction) on 18 July 2014. Mr Keith Tay, had abstained from all voting by the Board of the Company in relation to the Transaction. Mr Tay is the non-executive Chairman and shareholder of Stirling Coleman Capital Limited.
In the meantime, SingPost is evaluating international audit firms to perform the independent audit.
Jason Lim
AVP
Investor Relations
SingPost
