Friday, July 1, 2016


SingPost: Legal threat withdrawn; goodwill issues raised
-Chairman instructed the group to withdraw its legal letter to SIAS, backing down from its earlier threat to sue the investor lobby group
-SIAS previously refused to disclose if it had shared an anonymous letter, deemed defamatory to the group
-A Business Times article also raised concerns about questionable goodwill recognition and financial estimates ahead of group AGM on 14 Jul
-Maybank KE maintains Sell, with TP of $1.29

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