SingTel increases finance unit's share capital to S$50mln
SingTel Treasury had only S$2 share capital before parent company injected $50mln.
Telecom operator SingTel revealed that it has increased the share capital of its subsidiary, SingTel Treasury, to S$50 million.
The unit, which primarily serves to provide finance and treasury services to the SingTel group of companies, previously had a share capital of just S$2.
The new shares have been fully paid up, SingTel said in a CFO World report.
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