Starhub – SGX

Telecommunications  ‐  StarHub's  (STH  SP)  long‐term  shareholder MediaCorp  has  distributed  its  remaining  128m  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% 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.

Comments are Closed