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SingTel exits Taiwan investment

SingTel is selling its 3.98% stake in Taiwanese telco Far EasTone for up to NT$8.24bn, according to IFR. Goldman Sachs is sole bookrunner for the sale of 129.6 million common shares at an indicated NT$61.7-63.6, a discount of up to 3% to the pre-announcement level. SingTel was quoted elsewhere saying it expects to a gain of about US$95m .

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Published on 10.04.2014
Published on 10.04.2014
Published on 10.04.2014
Published on 10.04.2014

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