Fullerton, an investment manager that is an indirect subsidiary of Temasek Holdings, has disposed of 1,210,800 shares in Singapore Technologies Engineering (SGX:S63) (ST Engineering) to the open market.
The disposal, which was conducted on Oct 3, netted the group $5.6 million, or $4.66 per share.
Following the disposal, Fullerton’s stake in ST Engineering now stands at 0.171%.
ST Engineering reported earnings of $336.5 million for 1HFY2024 ended June, a 20% y-o-y increase from the same period last year.
Shares in ST Engineering closed 4 cents higher, or up 0.86%, at $4.71 on Oct 9.
