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Invesco, BlackRock cut SingPost stakes amid mysterious share plunge
Published Thu, Jan 7, 2016 · 09:50 PM
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Singapore
ARE prominent asset managers losing confidence in Singapore Post?
An unexplained 6.2 per cent dive in SingPost shares on Wednesday might have something to do with fund selldowns in the postal and e-commerce group earlier this week, the latest Bloomberg ownership figures suggest.
Invesco Ltd appears to have sold off a huge chunk of its SingPost holdings since the start of this week. Though it held about 21.95 …
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