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 2003.
The sale comes after a strong run in the share price since early November, which has intensified in the past month on the back of a couple of small acquisitions and...
¬ Haymarket Media Limited. All rights reserved.
