SingTel sells entire stake in Taiwan telco
A total of 129,571,696 shares were sold at an average price of NT$62 per share.
By way of an on-market sale, SingTel's 3.98% equity interest in Taiwan's Far EasTone Telecommunications was sold for a cash consideration of approximately NT$8.03 billion or S$339 million.
SingTel will recognise a gain of approximately S$118 million in the first quarter ending June 30.