$SingPost(S08.SI)$ Singapore P

Singapore Post(SingPost): The subsidiary of Chinese e-commerce giant Alibaba Group, Alibaba Investment, sold 72.5 million shares in SingPost for S$33.3 million on Friday. The shares were transacted at about S$0.46 apiece. The e-commerce giant previously held approximately 327.6 million shares, as indicated in a filing on the Singapore Exchange. Shares of SingPost closed 1.02 per cent or S$0.005 lower at S$0.485, before the announcement.

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