SingPost falls by over 8% in early trade after its 3 chief executives were fired

Shares of Singapore Post (SingPost) fell sharply on Monday (Dec 23) following the exit of three of the group’s top three executives.

As at 9.04 am, the counter dipped 8 per cent or S$0.045 to S$0.515, with 10.6 million securities changing hands. At 9.26 am, it was the second-most traded counter by volume,

The employment of group chief executive Vincent Phang, group chief financial officer Vincent Yik, and the chief executive of the company’s international business unit Li Yu were terminated with immediate effect on Dec 21.