Business Services Industry
Singapore set for post deal.
Australasian Business Intelligence, April, 2003
Apr 21, 2003 (Herald Sun - ABIX via COMTEX)
An initial public offer to raise $AS684m ($A630.3m) for Singapore Post opens on 22 April 2003. A total of 1.14 billion shares will be offered for subscription and owner Singapore Telecommunications will retain a 40 per cent interest in its subsidiary. The issue price for the shares will be set by co-ordinating stockbrokers, Development Bank of Singapore and UBS Warburg, on 7 May 2003, after discussions with the company. Singapore Post reported a year to 31 March 2002 profit of $S101m on revenue of $S381m.
Publication Date: 22 April 2003
SINGAPORE TELECOMMUNICATIONS LIMITED
- ASX SGT:
SINGAPORE POST PTE LTD:
DEVELOPMENT BANK OF SINGAPORE
LIMITED:
UBS...
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