Block trades

SingTel exits Far EasTone through $272 million block trade

Meanwhile, Rabobank offloads the majority of its stake in India's Yes Bank and last night a group of domestic shareholders were trying to raise as much as $800 million from the sale of shares in Malaysia's Bumi Armada.

Anette Jönsson

April 27, 2012

Singapore Telecommunications (SingTel) yesterday sold its entire stake in Taiwan telecom operator Far EasTone Telecommunications, raising NT$8.04 billion ($272 million). The deal came after a strong run in the share price during the past six months and on a busy day for block trades in Asia.

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