DBS Bank acquired 250,000 shares in Singapore Post (SingPost) on Sept 16 through securities via market transactions, according to a bourse filing on Sept 17.
The bank paid $110,000 for the shares, bringing its stake in the company to 0.062% of shares.
This brings Temasek’s deemed interest in shares through DBS Bank and Singtel in SingPost to 22%.
Shares in SingPost closed flat at 43 cents on Sept 17.
