Temasek trims SingTel stake and GE Capital sells shares in Thai bank

Both trades are large for their respective markets with Temasek raising $1.04 billion and GE Capital pocketing $466 million from the sale of a portion of its holdings in Bank of Ayudhya.

Temasek trims SingTel stake and GE Capital sells shares in Thai bank

Existing shareholders continue to monetise their holdings in Asian companies, with two more large trades raising a combined $1.5 billion last night Temasek Holdings disposed of a 2.5% stake in Singapore Telecommunications SingTel, raising S$1.28 billion $1.04 billion and GE Capital sold 7.6% of Thailand’s Bank of Ayudhya, pocketing Bt14.43 billion $466 million before expenses.

It is easy to draw negative conclusions when substantial shareholders are reducing, or even exiting, their holdings, and...

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