Block trades

SingTel exits Far EasTone through $272 million block trade

Meanwhile, Rabobank offloads the majority of its stake in India's Yes Bank and last night a group of domestic shareholders were trying to raise as much as $800 million from the sale of shares in Malaysia's Bumi Armada.

Singapore Telecommunications SingTel yesterday sold its entire stake in Taiwan telecom operator Far EasTone Telecommunications, raising NT$8.04 billion $272 million. The deal came after a strong run in the share price during the past six months and on a busy day for block trades in Asia.

Earlier in the day Rabobank trimmed its stake in India’s Yes Bank through a Rs45.3 billion $86 million transaction and last night a group of existing shareholders attempted to raise at least $567 million by selling a combined 15% stake in Malaysian offshore services provider Bumi Armada. The latter deal came with an upsize option that could see it expand...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222