SINGAPORE (June 7): Alibaba Group Holding, a substantial shareholder of Singapore Post (SingPost), has cut its stake in SingPost via a married deal to an unnamed party.
According to an SGX filing on Friday, the China-based internet giant sold 72.5 million shares earlier in the day for S$33.3 million, or around 46 Singaporean cents each.
This works out to a slight discount to...(click on link for full story on theedgesingapore.com)