MUTUALLY AGREED UNWINDING OF CROSS-HOLDINGS WITH ALIBABA GROUP HOLDING * TRANSACTION RESULTS IN EXPECTED CASH INFLOW OF S$55.86 MILLION * SINGPOST WILL ACQUIRE FULL OWNERSHIP OF QSI * SINGPOST AND ...

Singapore Post Limited ("SingPost") today announced the mutually agreed unwinding of cross-holdings with Alibaba Group Holding Limited ("Alibaba") based on previously agreed terms.

SingPost and Alibaba Group Holdings mutually agreed on the unwinding of crossholdings in Shenzhen 4PX and Quantium Solutions ...