Long-term shareholder sells $262 million of stock in Comfortdelgro

The sale comes after strong share price gains for the Singapore-listed bus and taxi operator that have been supported by several small acquisitions.

Long-term shareholder sells $262 million of stock in Comfortdelgro

A long-term shareholder in Comfortdelgro, the Singapore-listed bus and taxi operator, last night raised S$3329.8 million $262 million from a block trade.

The seller was the Singapore Labour Foundation, a state-owned entity that was set up in 1977 to help develop the trade union movement in Singapore and improve the welfare of union members. It derives its funding from a combination of membership fees and returns on investment and has owned shares in Comfortdelgro since...

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