Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[SINGAPORE] Shares of Singapore-listed Polaris Ltd surged 37.5 per cent on Wednesday morning, a day after the company said Japan's SoftBank bought a stake in its associated firm PT Trikomsel Oke Tbk.
SoftBank Group holds a combined 19.9 per cent of the total shares issued by Indonesia's Trikomsel, Polaris said in a statement, adding that it remained the largest shareholder in the company with a 44.88 per cent stake.
Polaris, which sells mobile devices and electronics, is controlled by Sugiono Wiyono, president director of Trikomsel.