[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 10):
Frasers Property : Its chief executive officer of emerging markets, Asia, Lim Hua Tiong, will assume the additional role of CEO of Frasers Property (Thailand) effective from Oct 1, 2025. This strategic leadership transition in Thailand marks an “important step in strengthening leadership alignment”, in line with the group’s OneFrasers strategy to enhance synergies and long-term value creation across key markets, the group said on Wednesday. The counter ended Tuesday 2.8 per cent or S$0.03 lower at S$1.04.
Singapore Post (SingPost) : Alibaba Investment, a subsidiary of Chinese e-commerce giant Alibaba Group, sold 151.3 million of SingPost shares for S$64.4 million on Tuesday, cutting its stake to 4.61 per cent from 11.33 per cent. The shares were sold at about S$0.426 apiece, 5.3 per cent lower than the S$0.45 closing price on Tuesday. The counter ended Tuesday S$0.005 or 1.1 per cent lower.
