StarHub – BT

MediaCorp no longer shareholder of StarHub

STARHUB’S long-term shareholder MediaCorp has distributed its remaining 128 million shares in StarHub to Temasek Holdings as payment in lieu of a cash interim dividend for the financial year ended March 31, 2010.

With the distribution of the dividend in specie, which represents around 7.5 per cent of StarHub’s issued share capital, the broadcaster is no longer a StarHub shareholder.

Temasek Holdings has in turn sold the new StarHub shares to Aranda Investments, a wholly owned subsidiary of Temasek Capital unit Seletar Investments, at $2.29 apiece.

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