The total consideration for the shares was $211,812.83.
DBS Group Holdings exercised its call option on March 14 to acquire 363,440 shares of Singapore Post Limited (SingPost) via an off-market transaction. The total consideration for the shares was $211,812.83.
Following the acquisition, DBS Bank’s stake in SingPost has increased to approximately 0.054%.
Both DBS Bank and Singtel are independently managed portfolio companies of Temasek Holdings. Temasek has clarified that it does not engage in the business or operational decisions of its portfolio companies, including decisions related to shareholdings.
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