Reported 1 day ago
Shares of Singapore Post Ltd. dropped significantly following the firing of CEO Vincent Phang and other senior executives due to allegations of misconduct in their e-commerce logistics division. The company began investigations after receiving a whistleblower report claiming employees misreported information to evade penalties from a major customer. The management changes lead to expectations of a recovery in stock prices over time, while the dismissed executives contended their terminations were unjustified.
Source: YAHOO