*Official* MasterLeong Thread

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akwl88

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Takodoro said:
if alibaba increase stake again, i confirm hold till 1.65. :s13::s13::s13:
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THE Singapore Exchange has given the green light for Chinese e-commerce giant Alibaba Group to raise its stake in Singapore Post.

Alibaba Investment Limited, a subsidiary of Alibaba Group Holding, received in-principle approval from the bourse operator on Wednesday for the listing and quotation of about 107.6 million new shares in SingPost, the postal group said in a filing on Thursday morning. This is subject to compliance with SGX listing requirements, and shareholders' approval.

Shareholders will be receiving a circular containing further details of the proposed share issuance, and notice of a related extraordinary general meeting.

Earlier reports have stated that the deal is targeted for completion by Feb 28, 2017. This second investment from Alibaba will raise its stake in SingPost from 10.2 per cent to 14.4 per cent.



LISTENING TO THE FINANCIAL CROWD
Market voices on: Alibaba
1.Corporate Expansion
2.Shares Acquisition
3.Fintech
4.Investment
5.Joint Venture
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1-Dec
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143 Voices
Updated: 15.12.2016, 14:23, last 30 days
After the deal got its regulatory nod in late October, SingPost shares closed 4.6 per cent higher on the same day.
 
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Takodoro

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akwl88 said:
THE Singapore Exchange has given the green light for Chinese e-commerce giant Alibaba Group to raise its stake in Singapore Post.

Alibaba Investment Limited, a subsidiary of Alibaba Group Holding, received in-principle approval from the bourse operator on Wednesday for the listing and quotation of about 107.6 million new shares in SingPost, the postal group said in a filing on Thursday morning. This is subject to compliance with SGX listing requirements, and shareholders' approval.

Shareholders will be receiving a circular containing further details of the proposed share issuance, and notice of a related extraordinary general meeting.

Earlier reports have stated that the deal is targeted for completion by Feb 28, 2017. This second investment from Alibaba will raise its stake in SingPost from 10.2 per cent to 14.4 per cent.



LISTENING TO THE FINANCIAL CROWD
Market voices on: Alibaba
1.Corporate Expansion
2.Shares Acquisition
3.Fintech
4.Investment
5.Joint Venture
16
21
26
1-Dec
6
11
15
0
500
1000
1500
143 Voices
Updated: 15.12.2016, 14:23, last 30 days
After the deal got its regulatory nod in late October, SingPost shares closed 4.6 per cent higher on the same day.
Click to expand...

Price up so much before official announcement. No insider trading is fake one.:s13:
 
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