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DBS Bank Purchases 250,000 SingPost Shares Worth $110,000; SingPost Jumps 1%

TigerNews SG
09/18

DBS Bank purchased 250,000 shares of Singapore Post (SingPost) on September 16 through market transactions via securities.

The acquisition cost the bank $110,000, increasing its ownership stake in the postal service company to 0.062% of total shares.

Following this transaction, Temasek's combined deemed shareholding in SingPost through both DBS Bank and Singtel has reached 22%.

SingPost shares remained unchanged at 43 cents at the close of trading on September 17.

SingPost jumps 1.16% at 11:42 am, Sep 18.

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