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Blackrock now a substantial shareholder of ComfortDelGro

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Published Fri, May 28, 2021 · 10:10 AM

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BLACKROCK is now deemed a substantial shareholder of ComfortDelGro, after its purchase of 5.2 million shares on Thursday bumped its shareholding from 4.76 per cent to 5 per cent.

The change in position came from an increase in shares held as collateral.

Through various subsidiaries, the US-based asset manager now effectively holds 108.4 million shares in the company, up from 103.2 million previously, said ComfortDelGro in a bourse filing on Friday.

Shares in ComfortDelGro closed at S$1.680 on Friday, up S$0.020 or 1.21 per cent.

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