Brief: Singtel Sells 2.8% Stake In Gulf Development For S$1 Billion
23/06/2026 05:14
BRIEF-Singtel Sells 2.8% Stake In Gulf Development For S$1 Billion June 23 (Reuters) - Singapore Telecommunications STEL.SI:
SINGTEL GROUP SELLS 2.8% STAKE IN GULF DEVELOPMENT FOR S$1 BILLION
TRANSACTION WAS EXECUTED VIA PRIVATE PLACEMENT AND WILL RESULT IN CUMULATIVE GAINS OF APPROXIMATELY S$140 MILLION IN EQUITY.
AFTER TODAY'S TRANSACTION, GROUP WILL HOLD A 4.95% STAKE IN GULF DEVELOPMENT
SINGTEL GROUP SELLS 2.8% STAKE IN GULF DEVELOPMENT FOR S$1 BILLION
Further company coverage: STEL.SI
((Reuters.Briefs@thomsonreuters.com;))