SingPost simplifies its investment portfolios
Singapore Post (SingPost) and Alibaba have agreed to end their cross-shareholdings in two logistics companies—4PX and Quantium Solutions International (QSI)—as part of an earlier agreement made in January 2023.
As part of the deal:
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SingPost will take full ownership of QSI, buying Alibaba’s 34% stake for S$36.89 million, based on a fair value assessed by KPMG.
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Alibaba’s logistics arm, Cainiao, will buy QSI’s 17.61% stake in 4PX for S$92.75 million.
This arrangement simplifies SingPost’s investment portfolio and supports its strategic direction, according to Chairman Simon Israel.
The transaction will result in a cash inflow of about S$55.86 million for SingPost. However, due to a revaluation, SingPost expects to record an impairment of up to S$77.86 million related to goodwill in QSI. This will be reflected in their full-year financial results on 15 May 2025.
