Temasek trims SingTel stake and GE Capital sells shares in Thai bank

Existing shareholders continue to monetise their holdings in Asian companies, with two more large trades raising a combined $1.5 billion last night: Temasek Holdings disposed of a 2.5% stake in Singapore Telecommunications (SingTel), raising S$1.28 billion ($1.04 billion); and GE Capital sold 7.6% of Thailand’s Bank of Ayudhya, pocketing Bt14.43 billion ($466 million) before expenses.