Staff Reporter
,
Singapore
The parties sold 1.33 million shares.
Temasek Holdings (Private) and its subsidiary, Tembusu Capital, reduced its stake in SATS.
This comes after Fullerton Fund Management, an independently managed Temasek portfolio company, sold 1.33 million shares in SATS Ltd. for $5.32m.
Post-sale, Temasek’s stake in SATS has decreased to 594.96 million shares (39.96%) from 596.29 million shares (40.05%).
Meanwhile, Tembusu's stake stood at 39.94%, holding 594.61 million shares.
Join
Singapore Business Review
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!