Alibaba trims SingPost stake via married deal at 46 cents each

This works out to a slight discount to SingPost's closing price of 49 cents on June 7.

This leaves Alibaba with a stake of 11.34%, down from 14.56% previously.

Alibaba first invested in SingPost back in 2014, paying $312.5 million for a 10% stake. It increased its holdings subsequently.

SingPost's largest shareholder remains Singtel, which holds around 21%. 

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