Thursday, December 15, 2011

SingTel divests 40% stake in Teletech Park for $4m gain

Singapore Telecommunications says it has today divested its entire 40% equity interest, comprising 10 million shares, in Teletech Park Pte Ltd (TPPL) to Ascendas Land (Singapore) for about $15 million. The gain on disposal of about $4 million will be recognised in the third quarter ended Dec 31, 2011.

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