Link: https://links.sgx.com/1.0.0/corporate-announcements/NA5MFGOKG0RHW0AJ/07a4320be2ad7fd40d3d04bbc173879c9a850e9808a384cc4660b65c946257d2

Summary: Alibaba Investment Limited (AIL) is ending its joint venture with Singapore Post Limited (SingPost) in Quantium Solutions International Pte. Ltd. (QSI). This will occur through a selective capital reduction exercise where AIL's shares in QSI will be cancelled in exchange for a cash return. As a contingency, if the capital reduction fails, SingPost will acquire AIL's shares. Upon completion of either method, QSI will become a wholly-owned subsidiary of SingPost.