Temasek starts to sell SingTel

Singapore government investment arm gets 2004 divestment programme off to a positive start.
January 06, 2004

Temasek Holdings sold an S$2.01 billion ($1.187 billion) stake in Singapore Telecommunications after New York's close Tuesday. The deal comprised an S$764 million ($450.5 million) placement and an S$1.25 billion ($736.6 million) exchangeable, with an S$203.8 million ($120 million) greenshoe.

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