Shares & Derivatives
Comfortdelgro Down 12%!!!
By StockBrokerPlaysPoker  •  May 23, 2013
Long-term shareholder sells $262 million of stock in Comfortdelgro The sale comes after strong share price gains for the Singapore-listed bus and taxi operator that have been supported by several small acquisitions. A long-term shareholder in Comfortdelgro, the Singapore-listed bus and taxi operator, last night raised S$3329.8 million ($262 million) from a block trade. The seller was the Singapore Labour Foundation, a state-owned entity that was set up in 1977 to help develop the trade union movement in Singapore and improve the welfare of union members. It derives its funding from a combination of membership fees and returns on investment and has owned shares in Comfortdelgro since 2003. The sale comes after a strong run in the share price since early November, which has intensified in the past month on the back of a couple of small acquisitions and good first quarter earnings. The gains ......
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By StockBrokerPlaysPoker
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