Singapore Technologies: All's well that ends well?

Equity-linked deals from Singapore are rare, prized and almost always highly controversial. Two exchangeables by Singapore Technologies into ST Engineering and Capitaland prove no exception to the rule.

Jackie Horne

October 03, 2003

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%.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.