SINGAPORE, May 23 (Reuters) - Shares of Singapore transport operator ComfortDelgro Corp Ltd fell nearly 14 percent on market talk the Singapore Labour Foundation, its biggest investor, is selling part of its stake in the company.
The Singapore Labour Foundation controls a nearly 12 percent stake in ComfortDelgro, according to Reuters data. Analysts and traders said there was talk of a share placing in ComfortDelGro but no details were immediately available.
The shares hit a six-year high this week, up 22 percent so far this year based on Wednesday's close. The stock was the biggest index loser on Thursday in a broader market that was down 0.26 percent.
ComfortDelGro and the Singapore Labour Foundation declined immediate comment. (Reporting by Anshuman Daga, Kevin Lim and Rujun Shen)