Singapore Telecom announced that its shares will be floated as scheduled this year but that the initial public offer could be well less than 25% of the paid-up capital of the company, the minimum size needed for most companies for listing on the local stock exchange: the value of the company is so great that […]
Singapore Telecom announced that its shares will be floated as scheduled this year but that the initial public offer could be well less than 25% of the paid-up capital of the company, the minimum size needed for most companies for listing on the local stock exchange: the value of the company is so great that the Stock Exchange of Singapore has given a waiver to sell significantly less than 25% in the initial public offering, it said.
