SingPost: Singapore Post Limited
SGX: S08
0.335
-1.47%
Share Price in SGD. As of 20 May 17:04:15 SGT
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Company Description
The Group is Singapore's dominant provider of domestic and international postal
services, with a history, through its predecessors, dating back to 1819. The
Singapore Postal Services Department became fully autonomous body in January
1967. Following a merger in 1982, the Telecommunication Authority of Singapore
('TAS') took over the provision of postal services from the Postal Services
Department. In the late 1980s, the Singapore Government announced plans to
privatise the telecommunications services provided by the TAS. SingPost
Limited was incorporated on 28 March 1992.
Pursuant to a licence granted by the Info-communications Development Authority
of Singapore, SingPost is granted the exclusive provider of basic mail services
with respect to letters and postcards (excluding express letters) in Singapore
until 31 March 2007, and a non-exclusive provider of these services until 31
March 2017.
SingPost provides mail business, local and international express delivery
services, warehousing, fulfilment and distribution services and retail services
through its distribution channels.
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