Temasek set to offload 400m SingTel shares

Temasek Holdings, Singapore's state-owned investment company, is selling S$1.28 billion (HK$8.06 billion) of shares in Southeast Asia's biggest telephone company, according to two people with knowledge of the deal. The stock slumped the most in more than a year.

Temasek is selling 400 million shares in Singapore Telecommunications, representing a 2.5 per cent stake, at S$3.20 each, according to the people.

via Business feed http://www.scmp.com/business/companies/article/1048089/temasek-set-offload-400m-singtel-shares