Singapore Technologies: All's well that ends well?

Some hours later than expected, the Singapore government completed a monetization of stakes in ST Engineering and Capitaland on Friday. On full conversion of the S$350 million ($203 million) and S$451 million ($261 million) deals, Singapore Technologies will have divested a 4.3% stake in STE, bringing its ownership down to 50.7% and an 8.2% stake in Capitaland, bringing its ownership down to 51.8%.