shade343 SG SINGAPORE - SMRT Corp continued extended yesterday's slide following news that state-linked investment company Temasek Holdings will sell part of its stake in the transport firm at a discounted price, dealers said. SMRT was down 0.01 sgd or 0.89 pct at 1.12 on top volume of 111.18 mln shares. Temasek announced it will place 110 mln shares to unidentified institutional investors at a discounted price of 1.11 sgd each. SMRT's shares closed at 1.16 sgd on Tuesday. The placement shares are equivalent to 7.3 pct of SMRT's outstanding stock. Temasek said it will raise about 122 mln sgd from the placement exercise. After the sale Temasek said its stake in SMRT will be cut to 54.8 pct from 62. 1 pct. Stupid Temasek.....Now my portfolio go down some more... If want to sell, sell at Market Price lah. Why sell below market price? This kind of move by Temasek will harm the value of SMRT shares...
iveco SG SMRT is not in good hands. If Temasek wanna sell their stake, better dispose of it entirely to the Connex Group. Trust me, Connex does a better job in Australia then ComfortDelGro in Singapore.
sbst275 SG You sure? If they come to SG, it takes them mths to get the pic right, or rather the clearer pic at least
sbst275 SG Well, it can only cushion the fuel prices hike for now Anyway, because it is 1 year since no new bus svs for add bus revenue
